The huge amount of money Ryan Reynolds has spent and lost on Wrexham

The Hollywood co-owners have spent a massive amount of money on helping Wrexham's rise through the leagues

There's still plenty of work to do, but Wrexham's sensational rise up the EFL shows little sign of slowing down any time soon.

The win over Stockport County last weekend has left Phil Parkinson's men 11 points behind runaway leaders Birmingham City, but three points clear of third-placed Wycombe Wanderers, with eight games left to play.

Promotion to the Championship is clearly a very real possibility for the north Wales club, who last graced the second tier of English football back in 1982.

Parkinson and his players deserve plenty of credit for the club's meteoric rise, but Hollywood owners Ryan Reynolds and Rob McElhenney have clearly been a huge driver in their recent success.

The A-list pair, who bought the Reds for an estimated £2million back in 2020, have invested heavily in the club, and have also enjoyed huge success with their smash hit behind-the-scenes documentary Welcome to Wrexham, which has followed every part of the team's recent success.

Money hasn't just been spent on the playing staff, either. In January, the club confirmed plans to redevelop the iconic Racecourse Ground, with the plans including a revamped Kop stand.

The club has unsurprisingly caused Reynolds and his co-owner to lose a hefty amount of cash.

During an episode of their Welcome to Wrexham documentary aired last year, they were told they had lost around $12million since taking over the club, to which Reynolds replied: "I'm going to throw up."

Last year alone, the club confirmed losses of £5.113million, which it said were largely due to the greater expenditure needed to increase the speed of the club’s growth.

Latest figures show the club have made another, albeit smaller, loss of around £2.7m for the last 12 months, which comes despite a jaw-dropping 155 per cent increase in annual turnover that stood at £26.7m for the year.

According to the club's accounts, some £824,000 of the recent losses were due to bonuses triggered by Parkinson's team's promotion to League One last season.

Other details suggest £15m worth of loans provided by Reynolds and McElhenney have been repaid in recent months, which has eased some of the financial burden on the Hollywood duo, who are believed to be about to reassess their long-term vision in order to cement the club's viability.

Indeed, should the club win promotion to the Championship, they face having to comply with tighter rules around profit and sustainability.

Under EFL rules set to be introduced next season, clubs in the second tier are permitted to lose up to £41.5m across a rolling three-year cycle.

Should Wrexham seal promotion, year one of that reporting period will be 2023-24 and year two the current ongoing season. Should Wrexham repeat last season’s £2.7m loss again in 2024-25, they would be well within that financial threshold, although they may not want to test the boundaries on that front too much.

Even so, it does potentially give Reynolds and Co a fair amount of breathing space as they attempt to build a side they hope will ultimately deliver the goal of bringing Premier League football to north Wales.