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Reynolds and McElhenney's Wrexham takeover approved by Financial Conduct Authority

Hollywood A-listers Ryan Reynolds and Rob McElhenney have seen their proposed takeover of National League side Wrexham AFC approved by the Financial Conduct Authority.

Last September, Reynolds and McElhenney's move to become owners of Wrexham were made public before members of the Wrexham Supporters Trust voted to relinquish their control for that of the acting duo.

The takeover of the Welsh side could lead to £2 million being invested into the club, as both Reynolds and McElhenney eye making Wrexham into a "global force" in the future.

A statement from the Trust read: "The Wrexham Supporters Trust are pleased to issue the following update regarding the proposed takeover of the club by Rob McElhenney and Ryan Reynolds.

"Last month we informed supporters that contracts had been exchanged and the sale of the club was pending approval of a change to our rules - as voted for by WST members - by the Financial Conduct Authority (FCA).

"Wrexham Supporters Trust are pleased to inform supporters we have today received such approval from the FCA.

"Both parties shall now work to formally complete the sale of shares in Wrexham AFC next week.

"We would like to thank supporters for their patience in this process and reassure you the Wrexham Supporters Trust will make a full statement once this is completed."

Peter Moore, former chief executive of Liverpool, will work as an advisor alongside the pair as they look to return Wrexham back to the Football League.

Author: Jake Wilkin

Image by Frédéric Perez


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