The Mysterious VC Firm Behind Nvidia's Secret Weapon

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

Reynolds and McElhenney buy Wrexham Lager brewery after rejuvenating the city's soccer team

STEVE DOUGLAS
October 30, 2024

Ryan Reynolds and Rob McElhenney have bought another piece of Wrexham -- its brewery.

Four years after their out-of-the-blue purchase of Wrexham's struggling soccer team, the Hollywood celebrities have further invested in the city in north Wales by becoming co-owners of Wrexham Lager.

Wrexham Lager, which is one of the soccer team's sponsors, was founded in 1882 and says it is the oldest British lager brewery still in existence.

The presence of Reynolds and McElhenney will boost Wrexham Lager's efforts to expand its international production and distribution.

"As co-chairmen of Wrexham AFC, we have learned a lot," Reynolds and McElhenney said in a statement obtained by The Associated Press. "The connection between club and community, the intricacies of the offside rule and the occasional need for beer -- especially after finance meetings.

"Wrexham Lager has a 140-year-old recipe and a storied history and we're excited to help write its next chapter."

The brewery didn't disclose financial details but said Reynolds and McElhenney have a majority stake.

Wrexham Lager said the acquisition was made by Red Dragon Ventures, a joint venture formed by Reynolds and McElhenney and the New York-based Allyn family -- which on Wednesday became a minority investor in Wrexham's soccer team.

Since taking charge of the club following a $2.5 million purchase in late 2020, Reynolds and McElhenney have overseen Wrexham's rise up English soccer's league system. Wrexham has achieved back-to-back promotions and now plays in third-tier League One, where the team is in third place after 13 games.

Wrexham has been further thrust into the global consciousness by Reynolds and McElhenney launching a fly-on-the-wall TV series -- "Welcome to Wrexham." It has helped to boost tourism and trade in the city, with Wrexham Lager among the businesses gaining visibility through the show.

Reynolds previously owned a stake in Aviation Gin, which was sold to Diageo in 2020 for a reported $610 million. Diageo said Reynolds retained an "ongoing ownership interest" in the gin.

The Roberts family, which revived Wrexham Lager in 2011 after production stopped in 2000, will remain a co-owner of the brewery alongside Reynolds and McElhenney.

___

AP soccer: https://apnews.com/hub/soccer

Continue Reading...

Popular

In this Florida school district, some parents are pushing back against a cell phone ban

TALLAHASSEE, Fla. (AP) — It’s no surprise that students are pushing back on cell phone bans in classrooms. But school administrators in one South Florida county working to pull students’ eyes away from their screens are facing some resistance from another group as well – parents.

Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it

It's one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too.

AI Warning: A Strange Force Overtakes U.S. Stocks - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

Trump Media suffers $19.2 million Election Day loss and shares surge higher

NEW YORK (AP) — The parent company of Donald Trump's social lost $19.2 million in the last quarter, according to an earnings report released on the same day he .

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

Astera Labs Stock Is Ripping Higher Today: What's Going On?

Astera Labs Inc. (NASDAQ: ALAB) shares are trading higher Tuesday after the company posted strong third-quarter financial results. Here's what you need to know.

Bezos, Musk, Altman All Shifting to This Next Phase of AI... - Ad

Jeff Bezos, Elon Musk, OpenAI, Microsoft and even Nvidia and Intel are all shifting their capital to the NEXT phase of AI... A trend experts predict could be worth as much as $24 trillion.

South Dakota's Adult-Use Cannabis Legalization Ballot Sparks Major Funding Race

South Dakota's cannabis legalization vote sees nearly equal funding, with industry backing and strong local opposition shaping the debate.

In Cyprus, officials from Algeria to Iraq train to keep WMD from crossing their borders

LARNACA, Cyprus (AP) — From as far as Algeria, Iraq and Georgia, an assortment of senior government officials converge on this small facility for training by top U.S. experts to prevent the kinds of materials used to build weapons of mass destruction from crossing their borders.

What Trump 2025 Means for Military Stocks - Ad

A recently tested new superweapon could defeat China and restore our nation's global dominance... And I predict it could send 5 military stocks soaring. But it gets much bigger... This one controversial move by President Trump could make this wealth-building opportunity bigger. You will not want to miss out this time.

China Escalates Trade Dispute, Lodges Complaint With WTO Over European EV Tariffs

China escalated its trade dispute with the European Union on Monday by lodging a formal complaint with the World Trade Organization regarding the EU's recently imposed tariffs on Chinese-made electric vehicles.

Nuclear Stocks Are Tumbling Monday: What's Going On?

Nuclear stocks are trading lower across the board on Monday after regulators rejected Talen Energy Corp's (NASDAQ:TLN) plans to increase power for an Amazon.com Inc (NASDAQ:AMZN) data center.

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings

The Michigan State Pension Fund has invested $10 million in Grayscale's Ethereum ETFs (NYSE:ETHE), making it one of the top holders of the product.

Unlock the Ultimate Gold Play: $20 for a 1-Oz. Stake in Gold! - Ad

Gold has already soared past $2,500 an ounce. But with this 'backdoor' strategy, you can gain exposure to over an ounce for just $20. As the Fed cuts rates, the stage is set for a major gold boom.

US Steel Reports Better-Than-Expected Q3 Results, Aims To Close Nippon Steel Deal By Year End

U.S. Steel reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.

AI Market Shock Coming November 19th? - Ad

Jeff Brown predicts an AI market shift, potentially happening by November 19th, led by Bill Gates' Stargate project. Get ahead of the curve before the next AI market shock.

Researchers say an AI-powered transcription tool used in hospitals invents things no one ever said

SAN FRANCISCO (AP) — Tech behemoth OpenAI has touted its artificial intelligence-powered transcription tool Whisper as having near “human level robustness and accuracy.”

A Republican Sweep Might Be The Most Inflationary Election Outcome, Economists Warn

Economists warn of high inflation if Republicans win, due to tariffs, budget deficit and immigration policies.

Costco Gold Mania - Ad

They sell out "within a few hours" of going online, says Costco's CFO. And more than 77% of Costco stores have completely sold out as well. Despite the clear mania in gold... according to the gold experts at Stansberry Research, there's an EVEN BETTER way to invest in gold, without rushing to Costco to buy gold bars.

Trump and Harris both support a bigger child tax credit. But which families should get it?

WASHINGTON (AP) — Never before in a presidential election cycle has there been so much discussion of the — a tool many Democrats and Republicans have endorsed as a way to lift children and young families out of poverty.

Trump To Joe Rogan: 'Biggest Mistake' Was Trusting 'Bad' And 'Disloyal' People

On Friday night, "The Joe Rogan Experience" podcast hosted by Joe Rogan finally aired its long-awaited episode with Donald Trump

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Zoomcar Stock Jumps Over 180% - What's Going On?

Zoomcar's stock surges after announcing a customer support expansion. The company said it has achieved significant profitability improvement in the past few months.

AstraZeneca Unveils Early Data From Chinese-Firm Partnered Oral Weight Loss Drug

AstraZeneca and Eccogene revealed promising trial data on ECC5004, an oral GLP-1 receptor agonist for obesity, showing safety, tolerability, and convenient dosing.

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

Jeff Brown, the tech expert who recommended Nvidia, AMD, and Tesla, is now releasing new AI stock picks. He believes they could deliver even bigger gains than before.

Boeing machinists are holding a contract vote that could end their 7-week strike

Unionized factory workers at Boeing are voting Monday whether to accept or to , which has lasted more than seven weeks and shut down production of most Boeing passenger planes.

Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech

HONG KONG (AP) — Asian stocks were mostly lower Friday morning, with Japan's benchmark Nikkei losing over 2% in early trading after a driven by high expectations.

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.

ERIE, Pa. (AP) — It wasn’t much when he bought it, but Michael Hooks has made the old garage his own haven. And the city of Erie knows it. Half a dozen cars honk as they pass by one October afternoon, the people hanging out of car windows to wave hello at him.

Iranian Hackers Leak Stolen Emails From Trump's 2024 Campaign Ahead Of Nov. 5 Election: Report

The hacking group, identified as Mint Sandstorm or APT42, was previously indicted by the U.S. Justice Department for alleged election interference.

Wavebot: The Automated Trading Tool for This Bull Market - Ad

October through December are historically among the most bullish months for crypto. WaveBot -- an automated trading tool that takes all the guesswork out of profiting in crypto. It trades key levels, buying dips and selling at the perfect time, 24/7. All you need to do is set it up. After that, WaveBot takes care of everything.

DeSantis Faces Backlash For Using Opioid Settlement Funds On Anti-Cannabis Campaign

State law stipulates the opioid settlement trust fund is meant to "abate the opioid epidemic" and provide resources for affected communities.

A Gold Storm Is Coming - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service