Wrexham's financial prize breakdown explained for 2024/25 season

Hollywood superstar Ryan Reynolds' club Wrexham has been promoted to League One. The actor helped the Welsh team out of the National League and straight out of EFL League Two as they will be participating in EFL League One for the 2024-25 season. The club has already made up their mind to make one big signing as they set out their transfer plan ahead of the summer window. Their 6-0 win against Forest Green Rovers secured the side's promotion to the second division. 

As the club has moved up to the EFL League 1, the side will be awarded with financial rewards. As per the reports by GOAL, each team that participates in the three EFL divisions receives a variety of central payments as part of their participation in the competition, that includes, the club's own sponsorship deals, increased exposure in the football market and so on.

As per the knowledge shared in the ongoing season, League One clubs received £778,500 as a Solidarity Payment and a £920,000 Basic Payment - a total of £1,698,500. Ryan's club have so far received an amount of £519,000 Solidarity Payment and £635,000 Basic Payment for playing in League Two in 2023-24, amounting to £1,154,000 which is half a million less than the total received in the upper division of the league. 

Wrexham have good challenges waiting in EFL

The Welsh team will be hoping to do something better in the promoted league as they will have some of the toughest opponents Reading, Wigan Athletic and Charlton Athletic as these clubs have the experience of playing in the Premier League as well and with the fan base might create a problem as well.

All things depend on how the championship ends for the current season, as they might also face Sheffield Wednesday, Huddersfield Town and Birmingham City. The qualification scenario for the Carabao Cup and FA Cup will remain the same for the club. The co-owners  Reynolds and McElhenney will be anticipating much growth in 2024-25 for the club.