Ryan Reynolds and Rob McElhenney have expanded their investment in Wrexham by acquiring the city’s brewery. The Hollywood stars, who purchased Wrexham’s struggling soccer team four years ago, have now become co-owners of Wrexham Lager.
Founded in 1882, Wrexham Lager is the oldest British lager brewery still in operation. As one of the sponsors of the soccer team, the brewery’s association with Reynolds and McElhenney will aid its efforts to expand its international production and distribution.
In a statement obtained by The Associated Press, Reynolds and McElhenney, who serve as co-chairmen of Wrexham AFC, expressed their excitement about the new venture. They highlighted the lessons they have learned from their involvement with the club, including the importance of community connection, understanding the offside rule, and the occasional need for beer after finance meetings.
Financial details of the acquisition were not disclosed, but it was revealed that Reynolds and McElhenney hold a majority stake in Wrexham Lager. The purchase was made through Red Dragon Ventures, a joint venture formed by the Hollywood duo and the New York-based Allyn family. The Allyn family also recently became a minority investor in Wrexham’s soccer team.
Under the ownership of Reynolds and McElhenney, Wrexham has experienced significant success on the field. The club has achieved back-to-back promotions and currently competes in League One, the third tier of English soccer. After 13 games, Wrexham sits in third place in the league.
Reynolds and McElhenney have also brought global attention to Wrexham through their documentary series, “Welcome to Wrexham.” The show has boosted tourism and trade in the city, providing visibility for businesses like Wrexham Lager.
This is not Reynolds’ first foray into the alcohol industry. He previously owned a stake in Aviation Gin, which was sold to Diageo for $610 million in 2020. Despite the sale, Reynolds still maintains an ongoing ownership interest in the gin brand.
The Roberts family, who revived Wrexham Lager in 2011 after a hiatus in production, will continue to be co-owners of the brewery alongside Reynolds and McElhenney. With their combined efforts, the trio aims to write the next chapter in Wrexham Lager’s storied history.
