Wrexham's recent share sale has reportedly valued the Welsh club at a staggering £350million. Hollywood A-listers Ryan Reynolds and Rob Mac revealed this week that Apollo Sports Capital, a US investment firm, had acquired a minority stake in the Championship outfit.

The club announced that Apollo, which recently purchased Atletico Madrid, will bankroll the Racecourse Ground's redevelopment and back their Premier League ambitions. Though precise details remain under wraps, the Athletic reports Apollo's shareholding sits just below 10 per cent, based on the eye-watering £350m overall valuation.

The astronomical figure marks a dramatic surge from the modest £2m Reynolds and Mac shelled out for the then-National League side in February 2021, placing them alongside clubs like Ipswich Town. The hefty price tag has sparked surprise within the industry, though football finance expert Kieran Maguire reckons Wrexham can justify a premium compared to rival teams.

The University of Liverp‎ool academic attributes this largely to the club's celebrity owners and the hit Welcome to Wrexham documentary series.

Speaking on the Price of Football podcast, he said: "The fundamentals of valuation would say that the club is not worth that, but football is a trophy asset industry. Spreadsheet nerds such as myself, we have to throw the book away when it comes to this.

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"The fact is that an organisation that is cold-eyed, as disinterested in football as can be and there to make money on behalf of their clients is prepared to go down this route. I do think that Wrexham is very much an outlier and this is not a criticism.

"The value in Wrexham comes from the connection to Reynolds and Mac and the documentary. The reason why Wrexham sell 100,000 shirts a year is that a huge proportion of those are to people who are fans of the Welcome to Wrexham documentary.

"If you take away Reynolds and Mac will those people continue to have the same degree of enthusiasm for Wrexham? I think not. I think part of the value of the brand of Wrexham is linked to the owners, but the owners are smart enough to realise that as well."

In a joint statement, Reynolds and Mac revealed the Apollo investment would help secure a stable future for the club. It comes after a minority share was sold to the New York-based Allyn family in October last year.

The two Hollywood stars 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 CEO 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."

Since acquiring Wrexham, Reynolds and Mac have launched into numerous other sporting investments. The duo have pumped money into the Alpine Formula One team, as well as Mexican football outfit Club Necaxa and Colombian side La Equidad.

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