Private capital giant Apollo Global Management has bought a minority stake in Wrexham AFC, the once sleepy Welsh football club whose fortunes and global profile have been transformed under the ownership of Hollywood actors Ryan Reynolds and Rob Mac. Wrexham said on Monday that the investment would include financing to redevelop the Racecourse Ground, its roughly 13,000 capacity stadium, and aligned with its “long-term growth strategy and Premier League aspirations”. Terms of the deal with Apollo were not disclosed but Reynolds and Mac, who changed his name from McElhenney this year, will remain as controlling shareholders. A person familiar with the deal said Apollo, which manages roughly $908bn of assets, had acquired less than 10 per cent of the club. Wrexham, one of four Welsh teams that play in the English leagues, has enjoyed a stunning upturn in fortunes since it was bought in 2021 by the Hollywood actors. The pair acquired Wrexham for £2mn while it was playing in the fifth...
There still seems to be a niggling frustration at Crystal Palace’s progress, a feeling that the club could go further and faster, and a fear that they could fail to capitalise on an opportunity to build on this unparalleled success. That feeling is partly being fuelled by Glasner himself, who said after a 2-1 defeat by Manchester United last week that he did not feel the club had backed him sufficiently in the summer transfer window. With his contract up at the end of this season, there is doubt over his future. Steve Parish is 15 years into his tenure as Palace chairman and believes the club is in safe hands with his fellow general partners, U.S. businessmen Josh Harris and David Blitzer, whom he considers friends. Since the summer, that group has also included the New York Jets owner Woody Johnson, who bought the stake previously owned by John Textor as a fourth partner. It did not happen quickly enough to prevent Palace from being denied entry to the ...