THE ANNUAL financial statement for Wrexham AFC has been revealed confirming a loss of over £5m.

Income was increased across the board, with the most significant with the club's retail operation, which reached £3.430m (2022: £1.303m).

Sponsorship and advertising income also increased, rising to £1.883m (2022: £1.053m).

The increase in football revenue £1.314m (2022: £0.531m) was attributed to the club's success in the FA Cup.

The payroll of the club increased to £6.9058m (2022: £4.050m).

The amount owed to The R.R. McReynolds Company, LLC at the year-end was £8.977m (2022: £3.714m).

The financial losses suffered by the club since the takeover should not be repeated due to income generated now being sufficient to meet the operational costs going forward.

These losses were deemed necessary to allow Wrexham AFC to maximise its full potential in the shortest time practically possible.

The statement adds that the club is under no immediate pressure to repay loans at the expense of the progress.

The club is also seeking to achieve and further financial support which will be provided/secured to support the capital expenditure projects being planned.


The projects include increasing the capacity of The Racecourse Ground and the development of a training facility for all the club’s teams.

The statement adds that the year-on-year income comparisons since the takeover, show the potential of Wrexham.

These are likely significantly increase again for the year ending June 30, 2024, due to continued popularity of the Welcome to Wrexham docuseries and, hopefully, promotion.