The Board of Wrexham AFC Limited (‘the Club’) have approved the Annual Report and Financial Statements for the year ending June 30, 2021.
The period covered the ownership of both the Wrexham Football Supporters’ Society Limited until the takeover by The RR McReynolds Company LLC on the February 9, 2021.
In their Directors Report, Rob McElhenney, Ryan Reynolds & Humphrey Ker refer to the first five months of their ownership being a steep learning curve and that the time was used to understand as much about the Club as possible, in preparation for the 2021/22 season and the return of spectators to the Racecourse Ground.
Key Highlights
Turnover in the 12 months was reduced by £279,000, from £1.757m to £1.478m. The reduction can be attributed to playing behind closed doors, although the increase in retail income of £252,000 offset the full impact.
The loss for the financial year was £1.177m, an increase of £437,000 from £740,000 in the previous 12 months.