Wrexham Bolster Executive Ranks With Bold New Director Appointment

Wrexham have officially named Apollo Sports Capital (ASC) executive Lee Solomon as a director of the football club.

A Companies House AP01 filing received on June 10, 2026 confirmed the appointment. Solomon was originally installed in the role on February 6, 2026, but the filing has now formally completed the process. As a result, American investment firm Apollo Global Management now holds representation at board level.

Solomon serves as a Partner in Private Equity at Apollo Global Management. His appointment comes six months after Apollo secured a minority stake in the North Wales club, believed to be just under 10 percent, in a deal that valued Wrexham at around $468 million (£350 million). From the beginning, the private equity firm intended to place a representative on the club's board following its investment.

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Speaking following the announcement of the investment in December 2025, Solomon said: "Wrexham is on an incredible journey, and we are thrilled to be a part of it and to support the club, the Wrexham community, and Rob and Ryan. This is a multifaceted investment where Apollo Sports Capital can provide long-term, patient capital to help Wrexham reach its goals and contribute to the ongoing revitalization of the facilities and local economy."

Apollo Global Management launched ASC last year as a $5 billion platform dedicated to sports investments. Alongside acquiring a minority stake in Wrexham, ASC also finalized a deal to purchase a majority shareholding in Spanish club Atlético Madrid.

Why Did Apollo Invest in Wrexham?

Wrexham pursued external funding from ASC primarily to help finance the redevelopment of the Racecourse Ground and the construction of the new Kop Stand. Work on the 7,500-seat stand got underway in 2025, with completion originally anticipated next year at an estimated cost of $95 million.

The Red Dragons are expected to contribute approximately $67.62 million toward the project after securing a contentious $23.46 million grant from the Welsh government. The funding will assist the club in meeting UEFA Category 4 requirements, which are needed to bring competitive men's international fixtures back to Wrexham.

The club first revealed plans for a new stand as part of the Wrexham Gateway scheme in 2022. However, the project was held back by a series of planning and funding obstacles. As those delays persisted, Wrexham submitted a revised planning application last summer that incorporated an additional 2,250 seats.

The updated proposal would raise the stand's capacity from 5,500 to 7,750 seats. Club officials were keen to make the most of the rare chance to construct a new, landmark Kop Stand, despite the greater expense. Because the government grant would remain unchanged regardless of the stand's final capacity, Wrexham required additional outside investment to cover the increased costs.

How Does This Impact Wrexham's Ownership Structure?

Rob Mac and Ryan Reynolds remain firmly in control of Wrexham, holding an estimated combined ownership stake of between 70 and 75 percent. Wrexham AFC Limited is wholly owned by Wrexham Holdings LLC, while The R.R. McReynolds Company LLC holds the majority of shares in Wrexham Holdings LLC.

The Allyn family, former owners of Welch Allyn, Inc., became minority investors in October 2024 through Red Dragon Ventures LLC, a joint venture with McElhenney and Reynolds. While the precise size of the investment was never publicly disclosed, the family is thought to hold a stake of around 15 percent. Following the deal, Kaleen Allyn was named as an executive director on the club's board.

Apollo Sports Capital subsequently acquired its minority stake and now has board representation through Solomon's appointment. An additional 5 percent stake was sold to a U.S.-based consortium led by ASC Chief Executive Al Tylis and Chief Strategy Officer Sam Porter, who also own Mexican club Necaxa. That transaction included a reciprocal investment, with McElhenney and Reynolds acquiring a minority stake in the Mexican side as well.

While Apollo's appointment gives the firm a direct voice in boardroom discussions, it does not shift the balance of power at Wrexham. Mac and Reynolds remain the club's controlling owners and continue to guide its long-term direction.