The Hollywood owners of Wrexham AFC Rob McElhenney and Ryan Reynolds have sold a minority stake in the club to US global alternative asset manager Apollo Sports Capital.
The American venture , which specialises in sport investment, is an affiliate of New York Stock Market listed Apollo. The Hollywood actors will retain control as majority owners of as joint chairs, with Apollo providing funding towards the , including the new Kop stand.
The value of the investment by the new minority shareholders into the Championship club has not been disclosed.
In a joint statement, Wrexham AFC co-chairmen said, "From day one, we wanted to build a sustainable future for Wrexham Association Football Club. And to do it with a little heart and humour. The dream has always been to take this club to the Premier League while staying true to the town.
"Growth like that takes world-class partners who share our vision and ambition, and Apollo absolutely does. We have known Al Tylis, the chief executivbe of Apollo Sports Capital, for many years and are thrilled to now have ASC join the Wrexham family as we take the next step forward together."
Apollo partner and co-portfolio manager of ASC Lee Solomon said, "Wrexham is on an incredible journey, and we are thrilled to be a part of it and to support the Club, the Wrexham community and Rob and Ryan. This is a multi-faceted investment where Apollo Sports Capital can provide long-term, patient capital to help Wrexham reach its goals and to contribute to the ongoing revitalization of the facilities and local economy."
Wrexham AFC chief executive Michael Williamson said, "We're delighted to welcome Apollo Sports Capital as a new partner in Wrexham's journey. Their investment represents both confidence in the club's direction and commitment to our long-term vision.
"Together, we will continue to strengthen Wrexham AFC on and off the pitch, building a sustainable future for the club for our supporters, our community, and the generations to come."
