Skip to main content

A Match Made in Hollywood

football chairs
By George Thomas
14 November 2024
Financial & Professional Services
Strategy & Corporate Positioning
News

Last month, I moved back to North Wales. It wasn’t the headline event in the region, instead the spotlight has (again) been stolen by Wrexham FC’s Hollywood fairytale.

The club was back in the headlines last week with two major pieces of news: stadium specialists, Populous, have been instructed to work on the redevelopment of Y Cae Ras; and a minority stake in the club has been sold to members of the New York based Allyn family. Both are huge for the future prosperity of not only the club but also the region.

Watching Wrexham’s meteoric rise from the grim days of non-league football to soaring in League 1 has been a joy to watch from afar. Sure, some may argue it doesn’t quite fit the mould of an “underdog fairytale story,” given the club's financial muscle. It’s a fair point. But as someone who held a season ticket during the bleak times and was there in 2008 at Hereford when relegation became a bitter reality, I can assure you: few fanbases are more deserving of this moment in the sun.

Y Cae Ras, a cultural and historical icon for North Wales sports, has seen better days. Years of neglect have left the stadium looking weary, far from the grand, international venue it once was.  The redevelopment is, therefore, long overdue and bringing Populous onboard seems a sensible strategic move.

As somebody who has tried, and failed, to get hold of a ticket recently, stadium improvements and an increase in capacity is a no-brainer and the next logical commercial step. The focus initially will be on the Kop which has been disused since 2008; a new 5,500 capacity stand will be built in its place. While the co-owners, Ryan Reynolds and Rob McElhenny, have indicated the long-term plan is to create a 45,000-55,000-capacity ground, with a focus on creating a year-round destination and hosting events.

This redevelopment is not just about football; it would be a catalyst for regional transformation. The impact Reynolds and McElhenney have already had on Wrexham is profound. They’ve reinvigorated a town that, before their arrival, was in the midst of an identity crisis. A stadium of this calibre would solidify their legacy and provide a permanent boost to the local economy.

While Wrexham’s story may seem niche (though maybe not for much longer with reports that A$AP Rocky (!) and Rihanna (!) looking to buy local rivals Tranmere Rovers), it serves as a powerful case study. It demonstrates the extraordinary effect inward investment can have on an area, not just transforming the subject of the investment, but an entire community. Policymakers should take note.

Leaders should be actively seeking ways to remove barriers to investments of a similar scale. For example, one challenge facing the Wrexham project, raised by McElhenney and Reynolds, has been navigating the obstacles created by the UK’s complex building regulations. Keir Starmer’s and the Labour Party’s renewed focus on bulldozing through the restrictive planning system should therefore be welcome news to the Hollywood stars and the newly announced investors.

Of course, encouraging inward investment isn’t just about big-name celebrities buying into sports teams; it’s about fostering sustainable growth and revitalising regions that need it. With thoughtful policy support, strategic investment has the power to transform communities and benefit us all.

For me, with a 55,000-seat stadium on the horizon, it might mean being able to get a ticket. Now that my aging knees are telling me that my days of playing amateur football are numbered, it may be an idea to think about spending my Saturday afternoons on the stands instead, enjoying Wrexham's latest chapter of history.