How much Wrexham AFC are valued at right now - it's all credit to Ryan Reynolds & Rob McElhenney | OneFootball

Wrexham are valued at a huge £350million following the growth they have enjoyed under the ownership of Ryan Reynolds and Rob McElhenney.

Wrexham have enjoyed exponential growth both on and off the pitch since Hollywood duo Ryan Reynolds and Rob McElhenney bought the North Wales club five years ago.

The Red Dragons have successfully landed consecutive promotions from the National League to the Championship, and are now battling for a place in next season's Premier League.

Phil Parkinson's men remain in serious contention for a play-off spot, even though they were beaten 2-0 by Millwall on Saturday, thanks to Max Cleworth's own goal and Josh Coburn's late strike.

Wrexham will also be keen on continuing their FA Cup run when they host Ipswich Town on Friday, having beaten Premier League outfit Nottingham Forest in the third round.

Wrexham valuation revealed amid Premier League aspirations

Monday marked exactly five years since Reynolds and McElhenney acquired the Racecourse Ground outfit, who were then languishing in non-league.

A historic journey has followed for Parkinson's men, who went on to win the National League title in 2023, ahead of successive automatic promotions from League Two and League One.

Meanwhile, as revealed by The Athletic, Reynolds and McElhenney purchased Wrexham for £1, with the promise of a further £2million investment in 2021.

The Athletic now report that the Red Dragons are valued at a whopping £350m, which is all down to the global publicity the Hollywood duo have brought to the Racecourse ground, alongside their unrelenting on-field success.

Wrexham's remarkable rise through the leagues contributes to impressive valuation

The Red Dragons were in the National League when Rob McElhenney and Ryan Reynolds completed their acquisition of the Racecourse Ground club.

Despite their status as a non-league side, the eyes of the world were on the North Wales outfit, thanks to the Disney Plus 'Welcome to Wrexham' documentary.

Parkinson's men went on to become the first side to clinch successive promotions from the fifth tier to the Championship, adding another dimension to a narrative that was already gathering fame and pace.

More recently, it was revealed that Atletico Madrid's majority shareholders are investing £48m into Wrexham, who are now closer to the Premier League than ever before.

But the high valuation of the Red Dragons can be attributed almost entirely to the work of co-owners Reynolds and McElhenney, who have been geniuses in terms of publicity and encouraging investment.

To put the £350m valuation of Parkinson's side into context, fellow Championship side Hull City were bought by Turkish owner Acun Ilicali for £30m in 2021, as reported by the Daily Mail.

Unlike Wrexham, who have spent much of their modern history in non-league, the Tigers were only relegated from the Premier League in 2017, and have spent the vast majority of their time in the second tier since then.

In footballing terms, there is no doubt that many fans would agree that Hull are a bigger club than the Red Dragons, owing to their various top-flight stints.

However, the presence of McElhenney and Reynolds has earned the Welsh side global recognition, which is responsible for the fact that they are valued at a far higher fee than the one that Ilicali paid to acquire the Tigers.