An insight into some of the losses incurred by Wrexham in the 2023/24 season has been provided.
Rob McElhenney and Ryan Reynolds have backed the Red Dragons heavily in the last four years, growing the club massively.
With 2024/25 coming to a close, Wrexham are eight games away from a potential promotion to the Championship for the first time ever.
The previous campaign saw the club battling it out in League Two, winning automatic promotion behind Stockport County.
Now, this week has seen Wrexham’s most recent financial accounts published and there has, of course, been a lot of debate around them.
Why Wrexham lost £800,000
Rival fans made some bizarre claims about Wrexham’s wage expenditure from the previous financial year.
£11m was paid out in wages, but most critics don’t seem to realise that that figure covered staff across the entire club, not just players.
Wrexham made history with a £27m turnover. Meanwhile, their overall loss from their most recent accounts stood at £2.729m.
This was down a fair bit from the £5.113m loss they suffered back in 2023.
Now, speaking on the Rob.Ryan.Red podcast this week, journalist Rich Fay has confirmed that £800,000 of those reported losses from the most recent accounts simply came about due to Wrexham winning promotion to League One.
He said: “So £800,000 of that, so it takes the total loss maybe to £2m in that regard, was just from direct promotion to League One.
“So that would have been bonuses and things like that, that would have had to be paid out and things of that nature.”
Wrexham may have huge 2025 summer transfer budget
If Wrexham do get promoted this season, which still seems very possible, their potential budget for the upcoming summer window should be big.
In the Championship, the Red Dragons will have to start complying with PSR, rather than the Salary Cost Managment Protocol in place in League One.
PSR allows teams to lose £41m over a three-year rolling period, and as their losses in 2024 were less than £3m, they will have £38m, minus whatever they lose in the current season, to play with.
Wrexham’s losses this term are expected to increase given more money spent in League One on wages and transfer fees, but they should still be in a very strong position going into the summer.
