Blue chips reporting next week include HSBC, Standard Chartered, BP, Shell, Glencore, GSK and Haleon. Plus, housing-related data: September mortgage approvals come on Tuesday and October Nationwide house prices on Friday. Hi, I'm David. I cover the money behind sport — and there seems to be no stopping the impact of Ryan Reynolds' and Rob McElhenney's Wrexham on the lower reaches of the football pyramid. The third-tier team is set to visit Charlton in south east London on Saturday. The home team is expecting its highest paid attendance since a semi-final against Doncaster Rovers in May 2019, with 22,000 tickets already sold against an average crowd of 14,500 this season. Charlton first noticed a surge in ticket sales a few weeks ago as buyers from unfamiliar addresses bought in large numbers. The club recently embarked on an ad campaign called Welcome to London that mimics the Wrexham documentary series . Photographer: Leon Bennett/The Hollywood Reporter But Wrexham's rise — from fifth to third tier in successive seasons — hasn't come without a cost, as the club adds to its payroll and improves its stadium. On Thursday it announced Populous, the architecture firm behind projects including the Fulham Riverside development, will redesign a new 5,5000 capacity stand. According to the Welsh club's latest accounts, it made a £5.1 million loss in the year to June 2023 from a nearly doubled turnover of £10.5 million. It also owed £8.9 million to The Ryan Reynolds Company LLC, up from £3.7 million the previous year. Accounts for last season are being prepared and are likely to show a doubling of turnover to more than £22 million, as the team was promoted up the ranks, according to a person familiar with the situation. Wrexham was unavailable for comment. — David Hellier For more on the Business of Sport, check out the team's Friday newsletter. |
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