Football
Ryan Reynolds and Rob McElhenney Welcome New ‘Billionaire’ Investors To League One Side Wrexham
Cai is a news and features writer that specialises in football, but has experience covering a variety of other sports, including darts, basketball, American football, MMA, boxing and more. He holds a degree in Football Journalism (BA Hons) from the University of Derby, and worked with Nottingham Forest FC and Burton Albion FC throughout his studies. Cai also has experience working in social media with the Football Association of Wales, where he worked on a freelance basis, and has also been an accredited writer in the JD Cymru Premier for both Y Clwb Pêl-Droed and welshfootie since the 2019/20 season.
Get to know Cai Parry betterPublished4 hours ago on October 30, 2024
The Allyn family from New York, who reportedly sold their medical device business for over $2 billion, have been announced as new minority investors in League One side Wrexham.
League One high-flyers Wrexham have confirmed the arrival of the Allyn family from Skaneateles, New York, as new minority investors in the club.
The family previously owned Welch Allyn, Inc., a world-renowned medical device business, and they reportedly sold the company after over 100 years of ownership back in 2015 for a stunning $2.05 billion.
Since then, the Allyns have turned their attention to making ‘purpose-driven investments in the private and public markets through their Family Office’.
Wrexham AFC are pleased to announce the Allyn family of Skaneateles, New York as new minority investors in the Club 👇
🔴⚪ #WxmAFC
— Wrexham AFC (@Wrexham_AFC) October 30, 2024
Their investment, which is an undisclosed figure at the time of writing, was made through Red Dragon Ventures LLC, which Wrexham claim “will help fuel the Club’s loft ambitions, as well as those of the broader Wrexham community”.
The Red Dragons are currently third in the League One table, looking to secure back-to-back-to-back promotions, with the club going from strength to strength since Ryan Reynolds and Rob McElhenney’s £2 million takeover in 2021.
Wrexham Confirm New Minority Investors
In a joint statement on Wrexham’s website, co-chairmen Reynolds and McElhenney commented on the Allyn family’s arrival as new minority investors in the club.
“Wrexham has earned the world’s attention and we are focused on bringing on board world-class partners to help with the next phase of our growth.
“We have been fortunate to get to know the Allyn family and we are blown away by their intelligence, kindness and commitment. They are exactly the type of partners we will need for this amazing endeavor.”
Eric Allyn, who is the Manager and Chief Investment Officer for the Allyn Family Office, said: “For more than a century, our family has focused on building great companies, while also uplifting wonderful communities.
“Our decades-long efforts in the Syracuse region are similar to what Rob and Ryan have started in Wrexham. We view Red Dragon Ventures as a vehicle to invest in a world-class football club, and, importantly, in the welcoming community of Wrexham.”
Also speaking on the announcement, the Red Dragons’ CEO Michael Williamson said: “The investment by the Allyn family into Wrexham AFC is great news for both the Club and the local community in Wrexham.
“It will allow us to continue the development of the Club while supporting the local community, which is something we truly believe in at this Club.”
Following their 2-2 draw against Charlton last weekend, Wrexham are back in action on Sunday as they take on League Two side Harrogate in the FA Cup first round.