Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

The contrasting fortunes of Chelsea and Wrexham’s North American owners

Throughout the last couple of years, two clubs at the opposite end of the English footballing pyramid have had new North American owners take over.

In the English Premier League, Chelsea was purchased by American business mogul Todd Boehly. In the National League, four tiers down the footballing landscape, Wrexham was purchased by Hollywood megastars Ryan Reynolds and Rob McElhenney. Both clubs have endured contrasting fortunes since the takeovers, but how can one look at the other for sources of inspiration?

Todd Boehly’s Chelsea

Many Blues fans have questioned why Roman Abramovich sold Chelsea. But instead of looking to the past, both they and their new owner need to start looking to the future. Boehly has attempted to do that, forking out a whopping £300m in the January transfer window on a plethora of stars such as João Félix, Mykhaylo Mudryk, Enzo Fernández, and Benoît Badiashile. However, right now the Stamford Bridge club is in disarray, despite the sizable outlay.

They are currently way down in 11th in the Premier League table and without a hope of securing European qualification for next season. They also crashed out of the UEFA Champions League in the quarterfinals after being thoroughly outclassed across two legs by Real Madrid. Boehly should take a look at his fellow North Americans who are in charge at Wrexham and follow their lead when it comes to patience and stability.

Wrexham’s Rise

Many were calling for manager Phil Parkinson’s head when he didn’t lead Wrexham to promotion last season. Owners Ryan Reynolds and Rob McElhenney remained patient, however, and realised that could be a catastrophic decision. Their faith in the manager has been rewarded as Parkinson led the club to promotion at the second time of asking in April 2023.

The blockbuster Hollywood ownership duo have already invested heavily in their new club, however, they may well look to Boehly’s spending spree as evidence that they need to invest further if they are to fire the Red Dragons higher up the English footballing pyramid.

Although following the scenes the club witnessed following the 3-1 home victory against Boreham Wood which secured promotion, Reynolds and McElhenney will have noticed that they have already made their fans and the town of Wrexham happy. With a new stand coming to the Racecourse Ground and a number of marquee players already in the squad, they may get away without pumping millions more pounds into the North Wales outfit.

Read more:
The contrasting fortunes of Chelsea and Wrexham’s North American owners

    You May Also Like

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    Facebook is being challenged in the High Court over the personal details it collects on users in a case that threatens the company’s business...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved