– Former player and pundit **Joe Jacobson** said that Reynolds and McElhenney might sell Wrexham “sooner rather than later,” comparing their trajectory to Birmingham City’s long-term plans .
– The club’s skyrocketing valuation (from £2M in 2021 to £150M+ after promotion to the Championship) has fueled speculation about the owners cashing out for profit .
2. **Owners’ Stance**
– Reynolds publicly dismissed claims they’d “get bored” and sell, calling Wrexham’s story “the most romantic version of storytelling” and emphasizing their emotional investment in the club and town .
– However, financial analysts note the duo has already diluted their ownership by selling minority stakes (e.g., to U.S. consortiums like Red Dragon Ventures) to fund operations and infrastructure .
3. **Financial Realities**
– Despite record revenues (£26.7M in 2023–24), Wrexham continues to operate at a loss, with Championship costs expected to balloon. The club’s valuation heavily depends on Reynolds’ and McElhenney’s celebrity involvement .
– Experts suggest a Premier League promotion could push the valuation to **£300M**, making a future sale more likely .
4. **Recent Developments**
– The owners celebrated Wrexham’s historic third-straight promotion to the Championship in April 2025, reiterating their Premier League ambition but avoiding long-term commitments .
– The docuseries *Welcome to Wrexham* (Season 4 debuting May 15) remains a revenue driver, further boosting the club’s global brand