Ryan Reynolds’ Wrexham Faces Financial Hit From Collapsed Broker

Wrexham AFC, the Welsh soccer club controlled by Hollywood stars Ryan Reynolds and Rob McElhenney and backed by Apollo Global Management Inc., is likely to lose some of its money held at collapsed UK currency brokerage Argentex Group Plc.

The club had placed £4.6 million ($6.2 million) with London-based Argentex, which collapsed into a form of insolvency in July as a result of soured foreign-exchange trades.

Administrators for Argentex now expect customers like Wrexham to receive only 60-80% of their funds, according to company filings. That would suggest a loss of between roughly £900,000 and £1.8 ...