Wrexham AFC co-owner Ryan Reynolds, center. (Photographer: Kya Banasko/Getty Images) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Wrexham AFC, the Welsh football club owned by Hollywood actors Ryan Reynolds and Rob McElhenney, secured a minority investment from alternative asset manager Apollo Global Management.

The deal, announced in a statement Monday, marks another sizable step in the club's bid to reach the Premier League, just a few years after playing in the lower leagues. Wrexham is currently 12th in the second-tier Championship.

Financial terms weren’t disclosed. Bloomberg previously reported Wrexham was looking to sell a stake at a valuation of up to £350 million ($475 million), a dramatic increase from the £2 million the Hollywood duo paid for it in 2021.

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