ALEX REID expects Wrexham's spending power to increase when the takeover of the club is completed and says the Reds will become National League promotion challengers.

Hollywood stars Ryan Reynolds and Rob McElhenney are taking control at The Racecourse and the actors' could be confirmed as the new owners this week.

The duo have pledged to invest £2million immediately and former Wrexham striker Reid, who plays for big-spending rivals Stockport County, believes that financial backing can help the Reds - currently spending a 13th season in the fifth tier - end their Football League exile.

"Everyone worldwide, or definitely nationwide, will know about the takeover just because of the high profile people looking to buy the club," said Reid.

"It is a good thing and similar to what our chairman is doing.

"Wrexham is a sleeping giant and with the right investment, the right people, the right workrate and a bit of luck, they can get themselves back into the league and go far.

"Stockport is a sleeping giant and if you go up into League Two and League One, there will clubs that won't be as well supported as Wrexham or Stockport.

"They are both massive clubs that want to get back to where they belong in the league.

"That is Stockport's aim this season and I am sure that will be Wrexham's aim.

"We are all focused here to try and achieve that and do as well as we can this season."

Reid joined Wrexham on loan from Fleetwood at the start of the 2017-18 campaign and was an instant success, scoring three times in his opening four games.

However, the goals dried up and Reid left The Racecourse at the end of November, but the 25-year-old still holds the Reds in high regard and he is confident there are better times ahead.

"Wrexham will be always close to my heart because of the time I spent there and the connection I had with the fans," said Reid.

"It wasn't a bad season that we ended up having. When I left just before Christmas we were second or top of the league.

"It is a big club in this league and a club that will be pushing to get into the league.

"As the seasons go on, hopefully they will be able to go further and further."

Businessman Mark Stott has invested heavily in Stockport's first team, with ex-Wrexham players John Rooney and Connor Jennings among the high profile signings made over the summer, and Jim Gannon's side are in the promotion mix.

Reid is enjoying life at Edgeley Park and hopes Stockport can achieve their promotion goal.

"The investment that the chairman has put into the club, it is like being at a league club with the facilities and everything we have got in place," said Reid.

"It is a great dressing room and I have really enjoyed working under the manager and working with the boys towards trying to get promoted at the end of the season."