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Wrexham Agree New Investment Deal for Minority Stake
Apollo Sports Capital buys a minority stake to fund redevelopment of Wrexham's stadium and area as the club climbs to the English Championship, owners said.
- On Monday, Wrexham co-owners Ryan Reynolds and Rob Mac sold a minority stake to Apollo Sports Capital, which will finance redevelopment of STMK Cae Ras including the Kop Stand as part of the Wrexham Gateway Project.
- Following prior minority investments, Wrexham AFC sought new partners to support its Premier League aspiration, with Reynolds and Mac selling a stake to Apollo Sports Capital last year.
- Apollo's recent moves in European soccer include a majority stake purchase in Atlético Madrid, and Wrexham ownership and CEO Michael Williamson said Apollo shares their vision for sustainable growth.
- The deal leaves Rob Mac and Ryan Reynolds as controlling owners and brings Apollo Sports Capital funding to support Wrexham AFC’s Wrexham Gateway Project redevelopment.
- Rising visibility under celebrity owners has coincided with increased U.S. private equity interest, as Wrexham AFC sits 12th in the 24-team Championship.
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Associated Press News+12 Reposted by 12 other sources
Wrexham's owners add US-based private equity firm Apollo Sports Capital to boost rising soccer club
Wrexham’s celebrity owners have sold a minority stake in their on-the-rise soccer club to Apollo Sports Capital, a U.S.-based private equity firm.
·United States
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Coverage Details
Total News Sources30
Leaning Left6Leaning Right2Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 40%
C 47%
13%
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