A Scottish Wrexham? Former Netflix Exec Erik Barmack ‘In Talks’ To Invest In British Soccer Club Motherwell
05.04.2024 - 10:21
/ deadline.com
Could Scottish soccer be the next to benefit from Hollywood investment?
In a situation reminiscent of Ryan Reynolds and Rob McEIhenney’s takeover of Welsh soccer side Wrexham, former Netflix international originals chief Erik Barmack looks set to acquire a stake in Motherwell FC.
A report in the Scottish Daily Mail has named Barmack as the unnamed U.S. investor who is planning to buy into the Scottish team, which plays in the Scottish Premier League alongside the likes of giants Celtic and Rangers.
Reynolds and McElhenney took over Wrexham for about £2M ($2.5M) in February 2021 when the club was playing outside the professional English leagues, but have led a transformation by investing heavily and marketing the team internationally through FX doc series Welcome to Wrexham. Motherwell currently sits third in League Two, three below the Premier League, and fans will be hoping Barmack can lead their club to similar new glories.
Motherwell has been seeking external investors and released a lighthearted video appealing for A-list stars akin to the Wrexham pair to come forwards. The Scottish Daily Mail reported this had worked, with parties from the U.S. and the Middle East signalling interest.
Earlier this week, Motherwell’s management released a statement, saying that investment discussions with “a U.S.-based family have reached the point where both parties wish to move forward to the next stage,” and that the pair had reached a non-binding agreement on terms.
That investor appears to be Barmack, and we understand further updates could follow in the next few days.
Barmack declined to comment when approached for comment this morning. Motherwell had not responded to a request for comment.
Barmack worked at Netflix for