Ryan Reynolds speaks out on ‘pulling away’ rumours from Wrexham amid £475million investment
Ryan Reynolds has firmly dismissed speculation about distancing himself from Wrexham AFC, following a significant £475million ($600m) investment from the Allyn family of Skaneateles.
The Hollywood star confirmed he and Rob McElhenney will maintain their positions as majority owners of the Welsh club.
The clarification comes after the pair sold a minority stake to the New York-based family in October.
Since taking over in November 2020, Reynolds and McElhenney have overseen remarkable success at the club, achieving back-to-back promotions to reach League One.
The new investment represents a strategic move to support Wrexham’s continued growth, which Reynolds says has exceeded all expectations.
Speaking to The Hollywood Reporter, Reynolds addressed questions about the recent investment and his future involvement with the club.
“No, we will remain majority owners. The team is growing faster than anyone expected,” Reynolds stated.
He emphasised that Wrexham’s rapid expansion requires specific expertise and experience.
“There are needs that require a certain type of skill and people who have some experience in growing things,” the Canadian actor explained.
The comments directly address concerns about potential changes in the club’s leadership structure following the substantial investment from the Allyn family.
Reynolds explained the strategic choice of the Allyn family as investors, citing their alignment with Wrexham’s core values.
“We chose the Allyn family because they have similar values that make Wrexham,” he said.
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Their experience in community development was a key factor in the decision.
“They’ve been revitalizing towns and communities for many years in upstate New York, and that’s why bringing them on didn’t cause a big stir,” Reynolds added.
The investment has been widely regarded as a shrewd business move, enabling Reynolds and McElhenney to capitalise on Wrexham’s recent surge in popularity and success.
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The partnership aims to support the club’s continued forward momentum and development.
The Allyn family’s investment follows their significant success in the medical sector.
In 2015, they sold their medical device company Welch Allyn for £2.05 billion, subsequently focusing on private and public investments.
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In a joint statement from October, Reynolds and McElhenney expressed their enthusiasm about the new partnership.
“Wrexham has earned the world’s attention and we are focused on bringing on board world-class partners to help with the next phase of our growth,” they said.
The co-owners added: “We have been fortunate to get to know the Allyn family and we are blown away by their intelligence, kindness and commitment.”
“They are exactly the type of partners we will need for this amazing endeavour.”