Wrexham AFC Weighs Raising Funds at $475 Million Valuation (1)

Wrexham AFC, the Welsh football club owned by Hollywood stars Ryan Reynolds and Rob McElhenney, is considering selling a stake for a valuation of up to £350 million ($475 million), people familiar with the matter said.

The club is working with investment bank advisers to canvas demand from potential investors, according to the people, who asked not to be identified discussing confidential information.

Reynolds and McElhenney bought Wrexham for about £2 million in 2021. Since then, the club’s profile has been raised significantly thanks to a documentary chronicling the actors’ ownership. Earlier this year, Wrexham’s valuation hit roughly £100 ...