LUKE WATERFALL believes Dean Keates will have no problem attracting players to Wrexham in the January transfer window but the defender insists having money to spend will not guarantee a long-awaited promotion.

Hollywood stars Ryan Reynolds and Rob McElhenney are expected to complete their takeover of the club this month with the actors pledging to invest £2 million immediately.

Although not all of that money will be invested in the first team, an increase in financial backing will give Wrexham - currently spending a 13th season in the fifth tier - an even better chance of ending the Football League exile.

And while Wrexham are an attractive proposition for transfer targets, former Reds' defender Waterfall, who won the National League title with Lincoln in 2016-17, had a word of warning.

"Hopefully it will help with the new owners and a little bit more backing," said Waterfall.

"But I have seen teams throw money at it in that division when I was in there and even now, money doesn't guarantee success.

"When I was at Lincoln, I don't think we were by any means the top payers in the division at all. There is nothing to say that just because you are paying a lot of money, you are going to go and win the league.

"But the fanbase is there at Wrexham without a shadow of a doubt and the size of the club to attract players to that level is second to none.

"I am sure it will turnaround in the next couple of years and they will get it right."