Wrexham’s fairytale rise in English soccer since a takeover by Hollywood actors Ryan Reynolds and Rob McElhenney has not been limited to on-pitch success as a wave of new fans from around the globe has fueled an economic boom in north Wales.
Just over five years ago, the Red Dragons languished in the fifth tier of English soccer before Reynolds and McElhenney’s arrival in a city of fewer than 150,000 people had a transformative effect for the club and local businesses.
Wrexham are now battling for promotion to the Premier League after an unprecedented three consecutive promotions and also gave Chelsea a scare before losing in the FA Cup earlier this season.
Photo: AFP
A documentary series titled Welcome to Wrexham has charted that rise and resulted in an influx of North American visitors that has doubled tourism income to ￡200 million (US$271 million) a year.
“We are pretty much double and I think that’s conservative, it could be even three times the size,” said Sam Regan, owner of the Lemon Tree hotel and restaurant, and chair of tourist body This is Wrecsam.
“Year round now about 20 percent of my accommodation is filled with American and Canadian guests, but when the home games are on, pretty much 80 percent is international visitors,” Regan said.
Sitting next to the club’s Racecourse Ground, the beer garden of The Turf pub was teeming with accents from Virginia to Vancouver on a glorious spring evening before the visit of Southampton.
Yet, there is little sign of resentment from those who long suffered watching Wrexham before “the Rob and Ryan effect” took hold.
“Every business around here now feels the buzz of Wrexham,” said James Townshend, a 30-year-old sales trainer and lifelong local fan of the club. “Wrexham wouldn’t be where they are now [without them], so we have to embrace and appreciate what these fans are bringing to the area.”
Becki Hendricks is on her seventh trip to the area from Virginia. Having initially mistaken Welcome to Wrexham as a “spoof,” she and her husband are even considering moving across the Atlantic to settle in Wales.
“We started with the documentary, yes. My life-long friends are here now,” the 51-year-old program analyst said. “Wrexham is a part of our hearts and part of our souls now.”
A fourth promotion in as many years might prove a bridge too far this season. Phil Parkinson’s men sit seventh in the Championship ahead of their game against Stoke City after press time last night, one place outside the play-off spots with four games to go.
However, work is well under way to ensure that the club continues to grow in the pursuit of Premier League riches.
A state-of-the-art new 7,500 capacity stand is set for completion next year, taking the Racecourse up to 18,000 and providing the facilities to allow the return of Wales international games to Wrexham.
“This has had an impact that goes beyond just football. It has had an impact on the entire community,” Wrexham AFC chief executive officer Michael Williamson told reporters. “It has helped create jobs and opportunities within the community, but it’s also more importantly just inspired people and re-established hope.”
That civic pride is felt most by those that lived through 15 years mired in the fifth-tier National League.
Reporter Richard Williams has covered the club for two decades.
“Just the fact that you go around the town and it used to be little kids in Manchester United, Liverpool, Arsenal shirts. Now it’s Wrexham, Wrexham, Wrexham everywhere,” Williams said. “So, the vibe, the feel-good factor around the town, it’s just absolutely phenomenal.”
Reynolds and McElhenney have also sparked a trend for Stateside stars to invest in the unglamorous lower reaches of English soccer.
Rapper Snoop Dogg is a minority owner of Swansea City, while NFL legend Tom Brady’s Birmingham City got the better of Wrexham last weekend.
The marrying of sporting and economic success achieved by Reynolds and McElhenney has “set the bar” for celebrity overseas investors, local councilor Nigel Williams said.
“Before people knew Wrexham for problems like anti-social behavior,” Regan said. “Now we are known worldwide and people are proud to be from here.”
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS