Soccer is the hottest new investment for America’s A-listers like Ryan Reynolds.
Category
🤖
TechTranscript
00:00Ryan and Rob, how would you sum up that experience tonight?
00:03I'm not sure I can actually process what happened tonight.
00:07In 2021, Ryan Reynolds and Rob McElhenney bought the Welsh football team Wrexham AFC
00:13for some $2.5 million.
00:15It's an underdog story and it's about interconnectivity between the club and the community.
00:20Just three years later, the Wrexham team is worth about $11 million, a more than four-fold
00:25increase.
00:26They're part of a growing group of A-listers to throw their support behind European football
00:31leagues.
00:33From celebrities to venture capitalists, investors are spending millions to tap into the next
00:38sports gold rush — soccer teams.
00:41I'm involved in sports ownership.
00:43There's a soccer club in the UK I'm a part of.
00:45Unlike other professional sports investments, soccer teams can have a much lower barrier
00:50to entry, with the opportunity for bigger returns later down the road.
00:54But it's not just in Europe.
00:57The world's game has really gotten a foothold in America.
01:02But there are risks.
01:03It takes almost as much work and money to have a team that doesn't perform as much as
01:06it does to have a team that does perform.