The Japan Times - 'Sky's the limit' as Wrexham not worried about spending caps

EUR -
AED 4.320284
AFN 74.695661
ALL 95.423777
AMD 434.198147
ANG 2.105598
AOA 1079.923359
ARS 1638.385826
AUD 1.623709
AWG 2.117498
AZN 1.995011
BAM 1.952203
BBD 2.370023
BDT 144.652863
BGN 1.962334
BHD 0.444679
BIF 3505.526187
BMD 1.176388
BND 1.489749
BOB 8.130984
BRL 5.771943
BSD 1.176727
BTN 111.33639
BWP 15.745921
BYN 3.323063
BYR 23057.195242
BZD 2.366629
CAD 1.599805
CDF 2723.337207
CHF 0.916217
CLF 0.026913
CLP 1059.207736
CNY 8.035138
CNH 8.013351
COP 4371.655982
CRC 536.908467
CUC 1.176388
CUP 31.174269
CVE 110.062211
CZK 24.336693
DJF 209.543027
DKK 7.473
DOP 70.099223
DZD 155.561424
EGP 61.881181
ERN 17.645813
ETB 183.736386
FJD 2.568644
FKP 0.866553
GBP 0.863698
GEL 3.164322
GGP 0.866553
GHS 13.238552
GIP 0.866553
GMD 85.876577
GNF 10327.926954
GTQ 8.982412
GYD 246.145432
HKD 9.217684
HNL 31.283361
HRK 7.531818
HTG 153.980767
HUF 359.295215
IDR 20405.794248
ILS 3.420988
IMP 0.866553
INR 111.142756
IQD 1541.304665
IRR 1548125.965862
ISK 143.613165
JEP 0.866553
JMD 185.409959
JOD 0.834121
JPY 183.714671
KES 152.04785
KGS 102.840378
KHR 4716.290215
KMF 494.677678
KPW 1058.752873
KRW 1701.445038
KWD 0.362257
KYD 0.980589
KZT 544.903702
LAK 25849.263006
LBP 105375.897599
LKR 376.704323
LRD 215.93123
LSL 19.181477
LTL 3.473566
LVL 0.711586
LYD 7.44834
MAD 10.804393
MDL 20.227645
MGA 4902.94551
MKD 61.522691
MMK 2469.883514
MNT 4211.055
MOP 9.497161
MRU 46.965267
MUR 55.031682
MVR 18.181029
MWK 2040.431843
MXN 20.309895
MYR 4.617331
MZN 75.174346
NAD 19.181558
NGN 1601.227994
NIO 43.300036
NOK 10.900289
NPR 178.138025
NZD 1.971637
OMR 0.452296
PAB 1.176727
PEN 4.105019
PGK 5.116573
PHP 71.462001
PKR 327.865516
PLN 4.232589
PYG 7201.73085
QAR 4.289796
RON 5.258809
RSD 117.395268
RUB 88.052219
RWF 1720.722265
SAR 4.413598
SBD 9.449048
SCR 16.218274
SDG 706.423089
SEK 10.833587
SGD 1.491779
SHP 0.878292
SLE 28.968595
SLL 24668.25343
SOS 672.458141
SRD 44.087443
STD 24348.846389
STN 24.454838
SVC 10.295986
SYP 130.818641
SZL 19.175588
THB 37.872621
TJS 10.996492
TMT 4.123238
TND 3.419001
TOP 2.832459
TRY 53.199541
TTD 7.974274
TWD 36.98503
TZS 3053.823167
UAH 51.593117
UGX 4424.828471
USD 1.176388
UYU 47.282882
UZS 14208.760045
VES 580.540132
VND 30968.401263
VUV 139.108325
WST 3.202815
XAF 654.747848
XAG 0.015343
XAU 0.000251
XCD 3.179246
XCG 2.120783
XDR 0.81927
XOF 654.750626
XPF 119.331742
YER 280.680944
ZAR 19.30199
ZMK 10588.909093
ZMW 22.269873
ZWL 378.796299
  • CMSC

    0.0900

    22.97

    +0.39%

  • RYCEF

    0.5500

    17

    +3.24%

  • VOD

    0.2900

    16.03

    +1.81%

  • RIO

    3.6800

    104.18

    +3.53%

  • BCE

    0.1450

    24.245

    +0.6%

  • GSK

    0.6900

    51.07

    +1.35%

  • BTI

    0.2500

    59.65

    +0.42%

  • AZN

    3.9900

    185.23

    +2.15%

  • CMSD

    0.0630

    23.353

    +0.27%

  • RELX

    -0.0500

    36.11

    -0.14%

  • NGG

    0.7250

    88.365

    +0.82%

  • BP

    -1.8210

    44.679

    -4.08%

  • BCC

    1.1200

    73.25

    +1.53%

  • JRI

    0.0700

    13.11

    +0.53%

  • RBGPF

    0.0800

    63.18

    +0.13%

'Sky's the limit' as Wrexham not worried about spending caps
'Sky's the limit' as Wrexham not worried about spending caps / Photo: Oli SCARFF - AFP

'Sky's the limit' as Wrexham not worried about spending caps

Wrexham's new-found corporate appeal under the ownership of Hollywood stars Ryan Reynolds and Rob McElhenney means the Welsh club are not concerned about spending caps in the English Football League (EFL), according to executive director Humphrey Ker.

Text size:

After 15 years in the National League, Wrexham were promoted back to the EFL on Saturday thanks to heavy investment from Reynolds and McElhenney since they took control from a supporters' trust in 2021 for an initial £2 million ($2.5 million) investment.

But they have reportedly spent £10 million in total restructuring the club and investing in player transfers and wages.

League Two clubs, where Wrexham will play next season, can spend up to 50 per cent of their turnover on player-related expenditure for players aged 21 and over.

However, the global attention garnered by "Deadpool" star Reynolds and McElhenney, most famous for his role in comedy series "It's Always Sunny in Philadelphia", has seen Wrexham attract major sponsors, social media platform TikTok and travel company Expedia.

"We actually generate an extraordinary amount of revenue because of the interest in the team, merchandising, and other things," Ker told BBC Wales.

"We're not losing too much sleep about that (spending caps). I think we'll fall well within the boundaries of what we are permitted to spend."

Wrexham needed a National League record points tally of 110 to see off the challenge of Notts County with only one automatic promotion place into the Football League.

And with four sides going up from League Two, Ker is optimistic that back-to-back promotions is not out of the questions.

"We feel that the sky's the limit for Wrexham," he added.

"You look at the crowds we had in the stadium all season, the crowds that were outside the stadium (on Saturday), people couldn't get a ticket.

"They just wanted to be in town, close to the stadium, close to the action.

"The last time I checked our full-time announcement (video) had 15 million views on Twitter.

"The interest in this club is astronomical and we believe with the squad we have right now we have a very strong chance of going up again next year."

M.Fujitav--JT