Stadium of circa 55.000 for Wrexham

Have they really got a fan base to fill such a stadium when Wreham's population is only 135K? 

www.theguardian.com/football/2024/may/01/wrexham-racecourse-ground-rob-mcelhenney-ryan-reynolds#:~:text=Wrexham's%20owners%2C%20Rob%20McElhenney%20and,with%20up%20to%2055%2C000%20seats.

The comments by the owner in the article seems to imply it's planning etc holding up the ground development not financing it. 

That's not what they said before. It was because the funding wasn't released and they said they wouldn't pay for it themselves. They had planning ages ago. If it was Rovers everyone would be moaning. They were the only club that messed up on deadline day apart from us as well. Got the paperwork in a few minutes late and couldn't sign the striker they wanted. It's okay, as it's a Netflix story though.

As well as having problems getting the funding finalized they also loan the money they put in to buy things. I know we do the same, as so most clubs. But they said they don't have the £20 million for the stand and had to rely on funding. Luckily the government are funding £20 million of it. But they have to meet some conditions before they release it.

This is what it says about the loans to buy the ground. Funding problems and delays can be found on loads of sites.

Reynolds and McElhenney originally set up a company called R.R. McReynolds LLC to buy the club for £2m in 2021.

Wrexham AFC said within the year to June 2022, the firm gave a loan of £3.67m to the club, which included the funds to buy the freehold of the Racecourse ground as well as £1.2m of investment in the form of shares.

The directors said there was "no immediate pressure" to repay the loans that funded the ground and stadium improvements and want the club to become self-sufficient.

They added: "We remain committed to playing a full part in the life of the club and making a positive difference, in every way, for the benefit of everyone.

It will be interesting watching their progress in League One, I would imagine their budget will be good but by no means the best, they’ve captured the publics imagination through the tv series, but as you say have really brought the community together. I think the owners have boxed really clever so far 👍🏾

So far Reynolds and his mate are in to Wrexham for £9m losses in 2 years.
There's a very interesting piece in Wales online where Reynolds articulates that they are prepared to lose that and more because " they are in the fortunate position to be able to do so" ,in other words it's money they don't need.
Think about that,to progress a lower league club you have to be lucky to find an owner with money to burn,what a business model!!.
Reynolds goes on to say that they can only go so far without outside help.
I don't see how football is sustainable??

All 3 promoted L2 sides seem to have been bank rolled this season, if anything there seems more money than ever in football, even Rovers have replaced one wealthy foreign owner with another one, well hopefully they are wealthy!

Wrexham seem to have already found some more very wealthy people to invest in the club:

www.sportbible.com/football/football-news/mesut-ozil-wrexham-ryan-reynolds-rob-mcelhenney-962061-20240429

They've already lost £9m in two years even with all that income, with a ground capacity of 12,000 they will do well to compete with the likes of Birmingham City and Bolton if they are in L1 next season. Even Rovers seemed to buy promotion from L2, L1 seems a different beast. 

They seem like two nice chaps and they are minted and will only get richer I wish they'd purchased us 😁

The Racecourse with that new kop end will be tidy I'd rather have it than our atrocious stadium that's for sure.