Trouble looms for Birmingham City as promotion race hots up

One of Birmingham City’s biggest rivals in League One have announced new minority investors as they bid to win promotion for a third successive season.

While Blues have revelled in their own big-money backing from owners Knighthead, Wrexham have been bankrolled by Hollywood stars Ryan Reynolds and Rob McElhenney.

However, the duo have now welcomed the Allyn family of New York as minority investors in the club they rescued from the doldrums of non-league football in November 2020.

The former owners of medical device company Welch Allyn have invested an undisclosed sum through Red Dragon Ventures LLC, a joint venture with Reynolds and McElhenney.

In a statement, Reynolds and McElhenney said: “Wrexham has earned the world’s attention and we are focused on bringing on board world-class partners to help with the next phase of our growth.

“We have been fortunate to get to know the Allyn family and we are blown away by their intelligence, kindness and commitment. They are exactly the type of partners we will need for this amazing endeavour.”

Blues, who have their own celebrity investor in NFL legend Tom Brady, spent a League One record on summer recruits to bolster their playing squad after relegation from the second tier, and so far it is paying off with Chris Davies’ team three points clear at the top of the table from Wycombe.

They have already beaten Wrexham once this season, leaving the Welsh team in third place, four points behind Blues but handily placed to push for a third successive automatic promotion

 

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