Reynolds and McElhenney buy Wrexham Lager brewery after rejuvenating the city's soccer team

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Ryan Reynolds and Rob McElhenney person bought different portion of Wrexham — its brewery

BySTEVE DOUGLAS AP sports writer

October 30, 2024, 9:00 AM

Ryan Reynolds and Rob McElhenney person bought different portion of Wrexham — its brewery.

Four years aft their out-of-the-blue purchase of Wrexham’s struggling shot team, nan Hollywood celebrities person further invested successful nan metropolis successful northbound Wales by becoming co-owners of Wrexham Lager.

Wrexham Lager, which is 1 of nan shot team’s sponsors, was founded successful 1882 and says it is nan oldest British lager brewery still successful existence.

The beingness of Reynolds and McElhenney will boost Wrexham Lager’s efforts to grow its world accumulation and distribution.

“As co-chairmen of Wrexham AFC, we person learned a lot,” Reynolds and McElhenney said successful a connection obtained by The Associated Press. “The relationship betwixt nine and community, nan intricacies of nan offside norm and nan occasional request for brew — particularly aft finance meetings.

“Wrexham Lager has a 140-year-old look and a storied history and we’re excited to thief constitute its adjacent chapter.”

The brewery didn’t disclose financial specifications but said Reynolds and McElhenney person a mostly stake.

Wrexham Lager said nan acquisition was made by Red Dragon Ventures, a associated task formed by Reynolds and McElhenney and nan New York-based Allyn family — which connected Wednesday became a number investor successful Wrexham’s shot team.

Since taking complaint of nan nine pursuing a $2.5 cardinal acquisition successful precocious 2020, Reynolds and McElhenney person overseen Wrexham’s emergence up English soccer’s convention system. Wrexham has achieved back-to-back promotions and now plays successful third-tier League One, wherever nan squad is successful 3rd spot aft 13 games.

Wrexham has been further thrust into nan world consciousness by Reynolds and McElhenney launching a fly-on-the-wall TV bid — “Welcome to Wrexham.” It has helped to boost tourism and trade successful nan city, pinch Wrexham Lager among nan businesses gaining visibility done nan show.

Reynolds antecedently owned a liking successful Aviation Gin, which was sold to Diageo successful 2020 for a reported $610 million. Diageo said Reynolds retained an “ongoing ownership interest" successful nan gin.

The Roberts family, which revived Wrexham Lager successful 2011 aft accumulation stopped successful 2000, will stay a co-owner of nan brewery alongside Reynolds and McElhenney.

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AP soccer: https://apnews.com/hub/soccer

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