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sports12h ago
What does Apollo’s investment in Wrexham mean? Why have they also got public funding?
- ASC buys a minority stake in Wrexham AFC to help fund the Kop stand as part of the club’s regeneration plan.
- The deal values Wrexham at about £350 million and places ASC on the board as part of the ownership group.
- Construction of the Kop is moving into the building phase with a target completion in early 2027.
- Public funding for the project totals about £18 million in grants from Welsh government via the council, now under scrutiny for non-repayability.
- The Wrexham Gateway aims to transform the area around the stadium and create jobs and economic activity.
- Apollo’s involvement follows a pattern of American investment in European clubs, similar to Atletico Madrid changes ASC recently backed.
- Apollo’s investment is to primarily support stadium redevelopment rather than boost on-field spending.
- Wrexham hopes the improved stadium will meet UEFA Category 4 standards for international fixtures.
- Wrexham’s owners Reynolds and Mac aim for long-term growth, with investor support helping to fund the stadium and broader project.
- The Kop rebuild may influence future public funding decisions and perceptions of government support for sport.
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