Summary
- Rob McElhenney and Ryan Reynolds lost a significant amount of money investing in Wrexham A.F.C.
- The team owed The R.R. McReynolds Company roughly $11.4 million USD.
- McElhenney and Reynolds venture into a second football club investment in Club Necaxa.
As one of the stars, creators, and writers of Its Always Sunny in Philadelphia, Rob McElhenney has enjoyed a great deal of success. Amazingly enough, Ryan Reynolds is even wealthier thanks to his many successful business deals and the blockbuster movies he has starred in.
Thanks to all the money McElhenney and Reynolds have, they were able to buy Wrexham A.F.C. together. However, that was a very questionable business decision since McElhenney and Reynolds have revealed they lost a fortune since buying the team.
This article will reveal the staggering amount of money buying Wrexham A.F.C. has cost Reynolds and McElhenney. Then, the article will look at McElhenney and Reynolds' decision to invest in a second team together in April 2024.
Ryan Reynolds And Rob McElhenney Have Lost A Fortune Since Buying Wrexham A.F.C.
Ever since Rob McElhenney and Ryan Reynolds bought Wrexham A.F.C., millions of people have watched their journey from afar. Considering the team has enjoyed far more success than anyone could have expected, it seems Reynolds and McElhenney have had their dream come true.
What many people don't know, however, is that Wrexham A.F.C. has demanded a lot from McElhenney and Reynolds. While talking to The Associated Press in April 2024, McElhenney admitted that he and Reynolds had lost money on their investment.
“You want to know, like how far in the red I am? It’s pretty significant."
While McElhenney didn't detail exactly how much money he and Reynolds had invested in Wrexham A.F.C. during that interview, that figure has been reported. Since Wrexham A.F.C. is a business that has to file financial paperwork, Global News reported on those numbers in March 2024.
How wealthy are Rob McElhenney and Ryan Reynolds, according to Celebrity Net Worth?
| Celebrity: | Net Worth: |
|---|---|
| Ryan Reynolds | $350 million |
| Rob McElhenney | $50 million |
Based on Global News' reporting, it is a massive understatement to say McElhenney and Reynolds have lost a fortune on Wrexham A.F.C. so far.
According to paperwork filed by Wrexham A.F.C., the team owes The R.R. McReynolds Company roughly $11.4 million USD. In case it isn't clear, The R.R. McReynolds Company is the partnership that McElhenney and Reynolds created to buy Wrexham A.F.C.
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As a part of Wrexham A.F.C.'s paperwork, a reason for Reynolds and McElhenney to keep investing in the team is revealed. According to official documents, it is believed that Wrexham A.F.C.'s financial prospects are very good.
In legal documents, the team argues that the losses incurred were, “deemed necessary to allow the club to maximize its full potential in the shortest time practically possible.” However, it is now believed the team is making enough money to no longer suffer significant financial losses.
“The financial losses suffered by the club since the takeover shouldn’t be repeated, with income generated by the club now sufficient to meet the operational costs of the club going forward.”
Considering how much money McElhenney and Reynolds already have invested in Wrexham A.F.C., some may still wonder why they aren't calling it quits. Reynolds and McElhenney have explained that they never invested in Wrexham A.F.C. because they expected it to be an easy road.
After an extensive process of convincing locals they would do right by Wrexham A.F.C., Rob McElhenney and Ryan Reynolds bought the team in 2021. According to CBS News, the two actors initially paid $2.5 million for the club.
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Amazingly enough, McElhenney told The Associated Press that his financial advisors told him buying Wrexham A.F.C. was a bad investment.
"It’s true that in the beginning when we asked our advisors if this was a good economic investment, there was not one person that I can remember that was like, ‘Yes.’ It was more like, ‘Don’t.’"
During the same interview with The Associated Press, Reynolds agreed that financial advisors thought buying the team was a bad idea. “Run away, yeah. History has an unbelievable amount of examples of how this was not the best idea, but we’re not in it to make money and goddamn it, we won’t."
Reynolds then went on to explain that he and McElhenney recognize they are lucky to be in a financial position where they could make a potentially bad investment. “I think we recognize how lucky we are that we can be in this position where it isn’t about making money or any of those things. I mean, you have to be in a pretty privileged spot to be able to do this to begin with."
While McElhenney and Reynolds have accepted losing money at this stage, it still seems very clear they want to eventually make money from Wrexham A.F.C..
Ryan Reynolds And Rob McElhenney Invested In A Second Football Club
Typically when business leaders are millions in the whole on a deal, they don't try to replicate that situation. However, Ryan Reynolds, Rob McElhenney, and their joint venture, The RR McReynolds Company have done exactly that.
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In April 2024, it was revealed that McElhenney and Reynolds became part owners of Club Necaxa. According to Yahoo! Sport, the two friends and business partners have joined several other investors in the Mexican football (soccer) team.
The outlet reported that Club Necaxa's other owners include Eva Longoria, Al Tylis, and Sam Porter.
According to a Variety article about the purchase, Reynolds and McElhenney didn't invest in Club Necaxa to be passive owners. Instead, Variety reported that the two owners of Wrexham A.F.C. have big plans for Club Necaxa.
"The pair will work with Longoria and fellow investors Al Tylis and Sam Porter to enhance Club Necaxa’s standing and grow its profile in international sports circles at a time of heightened TV and streaming demand for soccer content. It’s understood that Longoria, the Mexican American multihyphenate, helped bring Reynolds and McElhenney into the investor group."
