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Wrexham Scrap £19m Bid for Sidiki Cherif

The club says the fee failed its value test under EFL rules that cap losses regardless of owner wealth.

Overview

  • Director Shaun Harvey revealed the January move was dropped after analysis showed it did not represent value within profit and sustainability limits.
  • The proposed outlay for the 19-year-old Angers forward would have set a Championship transfer record.
  • Harvey stressed that PSR regulations, not funding from Ryan Reynolds and Rob McElhenney, determined how much could be spent.
  • Cherif subsequently signed for Fenerbahçe in a reported £21.7m deal from Angers.
  • Wrexham instead invested about £5m across three additions—Davis Keillor-Dunn, Zak Vyner and Bailey Cadamarteri—prioritizing squad balance and dressing-room harmony.