Wrexham owners Ryan Reynolds and Rob McElhenney have admitted making a significant financial loss by installing a temporary stand at the club’s stadium last season.
The Welsh outfit announced in December that it would build a temporary 2,289-capacity stand at the Kop.
Their move came after it was revealed that their new 5,500-seater end at the Racecourse Ground would not be ready in time for next season.
The temporary stand welcomed fans for the first time when Wrexham hosted Newport County last December.
Reynolds and McElhenney’s decision to pursue the temporary stand was explored in the series Welcome to Wrexham.
Ryan Reynolds, left, and Rob McElhenney, right, have revealed the cost of installing a temporary stand for Wrexham
The Hollywood duo approved the installation of a 2,289 capacity stand back in December,
The temporary stand was opened later that month with a reported cost of around £360,000
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Always Sunny In Philadelphia creator McElhenney and Deadpool actor Reynolds admitted the move would cost them £360,000 to complete, with the latter admitting it made ‘zero sense financially’.
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The Hollywood stars approved the temporary stand in a bid to boost the club’s promotion push from League Two.
‘The Kop is very slow moving, it’s hard to get everything approved and moving at the rate that we want to move,’ Reynolds said, as reported by the Mirror.
‘Rob had proposed ‘What would happen if we put 2,500 seats in that area’ just temporarily.
‘Makes absolutely zero sense financially.’
McElhenney added: ‘We will figure it out. We are going to lose a significant amount of money on it.
‘However, I believe it’s a competitive advantage to be able to close that stadium, it’s going to be twice as loud.’
Wrexham welcomed 12,000 fans for the first time in 16 years for the derby with Newport County, while their average attendance for the season rose from 9,973 last season to 11,210.
Reynolds admitted the temporary stand made ‘zero sense financially’ but McElhenney believed it could help boost the club’s efforts to secure promotion to League One
Wrexham’s average attendance was further boosted by the installation of the temporary stand
The Welsh outfit secured their second successive promotion to earn a place in League One
Wrexham ultimately finished second in League Two to secure a second successive promotion.
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Reynolds and McElhenney have previously discussed their intentions to make Wrexham a Premier League club and revealed plans earlier this month to overhaul the Racecourse Ground.
‘We have a plan in place right now that would eventually work from stand to stand, so eventually you get all four sides. It’s hard to say for sure, but we think we could get between 45 and 55,000 people in there,’ McElhenney said on Welcome to Wrexham.
The club’s Hollywood owners have invested heavily since they bought the club for £2m in February 2021.
Accounts revealed in March that Wrexham had paid out £6.9million in wages alone during their promotional season from the National League.
The accounts also revealed the club would be required to pay £207,500 to other clubs for the transfer of players if promoted to League One – something the club achieved.
Wrexham will also pay out £509,710 as part of player contracts and bonuses following the promotion.