Wrexham post £14.85m loss, record revenue and PSR headroom outlined | OneFootball

According to NY Times, Wrexham recorded a £14.85m loss for the year to 30 June 2025, despite third-tier turnover hitting a record £33.35m for a club without parachute payments. Cumulative losses under Ryan Reynolds and Rob Mac now exceed £25m across four full seasons.

The wage bill jumped 73.6 per cent to £19.9m as headcount reached 313, with promotion bonuses included. A further hit came when £3,756,930 held with UK regulated currency broker Argentex Group Plc was frozen after its collapse, so the sum was written off for now.

Revenue rose across the board, with sponsorship £17.3m, matchday £5.9m, retail £5m and broadcasting £3.4m. Overseas markets delivered 57.7 per cent of income, primarily North America.

It is the highest League One turnover without parachute payments since Leeds in 2009-10. Wrexham expect 2025-26 revenue of £46m to £50m, which could increase if they reach the Championship promotion play-offs.

Off the field, the new Kop stand at The Racecourse Ground has a projected cost of £69.29m, including a £17.35m Welsh government grant, with McLaren Construction contracted on 5 December. There are no shareholder loans, after a £27.5m facility from The RR McReynolds Company was repaid on 8 December when Apollo Sports Capital took a minority stake.

Player investment in 2024-25 included record fees for Ollie Rathbone at £375,000, Mo Faal at £590,000 and Sam Smith at £2m, plus Ryan Longman for £500,000 and Jay Rodriguez for an undisclosed sum. Legal and professional costs rose, including £2.62m paid to Maximum Effort and £1.38m to More Better for commercial work, and a £2.59m marketing contribution to Welcome To Wrexham.

Matchday income this season is set to dip with the temporary Kop removed, and average attendance down to 10,609 with three home games left. Even so, Wrexham’s combined three-year losses are a little under £23m, leaving substantial PSR headroom against the £39m limit, effectively £45m with last season’s cost-of-living allowance, plus allowable infrastructure and academy spending.

Source: NY Times