Wrexham's new backers spark huge prediction after Ryan Reynolds hailed for 'clever' tactic
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Wrexham have been predicted to rise to Premier League prominence following a significant financial boost. The Red Dragons revealed on Monday that Apollo Sports Capital has purchased a minority stake in the Championship club .
While the specifics of the deal remain undisclosed, it's understood that the American investment firm has acquired just under ten per cent of the club, based on an overall valuation of £350million . Wrexham's Hollywood co-owners, Ryan Reynolds and Rob Mac , said the funds would be channelled towards the redevelopment of the Racecourse Ground and support their ambition to reach the top flight .
Ex- Wales and Cardiff striker Nathan Blake has now tipped them to not only reach the Premier League but also eventually vie for a spot in the top six. Blake hailed the investment as "music to the ears" of Wrexham supporters, while expressing regret that Cardiff are not on a similar path.
Speaking on the Rob and Blakey's Commentary Box podcast , he said: "What is happening at Wrexham is what should have happened to Cardiff. They will go to the Premier League and become an established team, not a yo-yo club.
"They will go from here, get to the Premier League, establish themselves and settle. Then it will be, 'right, now we're going to go and challenge for that top six.' That should be the ethos for any club.
"It's music to your ears if you're a fan. A lot of people would have predicted it would blow up in Wrexham's face with Hollywood owners. I knew after a year that it's a bit different."
Former Wrexham boss and Wales international Dean Saunders is another voice backing his old club for Championship promotion, even suggesting they could achieve it this season. He also commended Reynolds and Mac for their "clever" strategy in running the club following the recent investment.
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Speaking to MirrorFootball via Stake.com , Saunders said: "They look as if they mean business again. I was thinking that if you get to the Championship, it will be a different argument because you've got three Premier League teams before you start who have just come down on budgets of £50million.
"You've got to try and compete when you've got the teams who are having a go and throwing money at it. It's going to be hard, but once again they've put their money in their pocket and spent the money. They've got a great chance of going up now. I know they lost against Hull but they've been on a great run."
He added: "They [Reynolds and Mac] seem to me to be really clever. It looked to me as if they would have to put a fortune into the club. The club's value has gone up and they've laid a little bit off of five percent and now they've laid another bit of the bet off.
"They're not injecting their own money all the time and there's somebody else's money coming in that can lift them to the next level. Wrexham are famous around the world now, so I don't think they'll have any problems getting any money out of any investors. I think everybody wants a piece of it."
Wrexham currently sit 14th in the table, just four points adrift of the play-off places despite their 2-0 midweek loss to Hull . Phil Parkinson's men will be looking to get back to winning ways when they host 12th-placed Watford at home on Saturday afternoon.
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