Truth behind £47.8m Wrexham financial boost and what it means for January transfer plans | OneFootball

Wrexham have received a £47.8m cash injection, with Companies House filings showing one share issued for that sum and only a week of the window remaining.

Football finance expert Kieran Maguire said on X that, given a previous £7m single-share sale in September 2025 and the US holding company already owning over four million shares, this suggests working capital for infrastructure and player recruitment from the current owners.

It follows December's agreement to sell a minority stake to Apollo Sports Capital, ASC, to help keep the club sustainable amid a rapid rise through the EFL. Phil Parkinson's side are sixth in the Championship, chasing a fourth successive promotion and a Premier League place.

Saturday's 3-2 comeback win over QPR kept them inside the play-off spots.

Wrexham have been linked with a £19m move for Angers forward Sidiki Cherif, who is also attracting interest from Crystal Palace. The size of any deal had raised funding questions, with the new share issue offering a possible explanation.

ASC sits within Apollo Global Management, which oversees around $908bn (£682bn) in assets. Its investment is set to contribute to the Racecourse Ground redevelopment, including the new Kop stand due to open in early 2027 as part of the Wrexham Gateway Project.

Source: Wales Online