Tag: RyanReynolds

Hollywood stars Ryan Reynolds and Rob McElhenny, co-owners of Wrexham AFC, are exploring the possibility of acquiring a stake in Welsh Fire, the Cardiff-based team in the Hundred. The duo’s interest stems from their successful investment in Wrexham, which has witnessed back-to-back promotions in English football.

The ECB has initiated the process of securing private investment in the Hundred, with Raine distributing prospectuses to potential investors. Glamorgan, Welsh Fire’s home ground, has the smallest capacity in the Hundred and is expected to be the cheapest franchise, valued at around £30 million.

Glamorgan has held discussions with various interested parties, including the owners of the Multan Sultans in the Pakistan Super League. However, the prospect of Reynolds and McElhenny’s involvement has generated significant intrigue. Dan Cherry, Glamorgan’s chief executive, described it as “an exciting proposition.”

While the majority of IPL franchises are expected to bid for stakes in Hundred teams, the ECB is keen to avoid replicating the SA20’s ownership model, where every team is IPL-owned. Private equity firms CVC and RedBird Capital are also reportedly interested, while Ineos is unlikely to bid.

Glamorgan believes its relatively low valuation and the even distribution of central broadcast revenue make it an attractive investment. Cherry emphasized the team’s unique identity as the only Welsh first-class county and its commitment to maintaining its Welsh heritage.

Glamorgan is open to partnerships that add value to the club, whether in cricket operations or commercial ventures. The club aims to find the right investor who supports its growth and on-field ambitions without compromising its independence.

Despite a mixed first year under head coach Grant Bradburn, Glamorgan’s financial position has improved, allowing it to focus on improving its cricket performance. Cherry believes the club is well-positioned to achieve its goals and produce players for England.