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Illustration: Annelise Capossela/Axios

Actors Ryan Reynolds and Rob McElhenney have teamed up to acquire fifth-division English soccer team, Wrexham AFC, one of the oldest clubs in the world.

Why it matters: The two actors have promised to invest at least $2.64 million and plan to use their own stardom — plus a documentary series — to promote the club globally and hopefully take it to new heights.

The big picture: Reynolds and McElhenney appear to be banking on the growing demand for soccer content. In recent years, Netflix and Amazon have produced a wide range of documentary series about European clubs, including:

The intrigue: These "Hard Knocks"-style shows could work for any sport, but soccer's global appeal makes them particularly attractive to streaming platforms with both American and international versions/audiences.

  • European soccer's system of promotion/relegation also provides a unique backdrop, with the possibility of moving up (or down) a division adding immediate drama to any story.
  • In the case of Reynolds and McElhenney, who's best known for "It's Always Sunny in Philadelphia," their purchase of Wrexham is literally a movie plot.
  • They might not get their Hollywood ending by advancing to the Premier League (Wrexham hasn't been higher than the third tier this century), but the fact that such a rise is even possible instantly makes the club more intriguing.

By the numbers: Wrexham generates between $1.98 million and $4.22 million in annual revenue, per club director Spencer Harris. If done right, a documentary series alone could generate a similar amount.

  • And Reynolds, alone, has more combined Instagram and Twitter followers (53.3 million) than Liverpool (44.5 million), last year's Premier League champs.

The bottom line: It's not always sunny in Wales (in fact, it rains a lot). But Monday was a thrilling day to be a Wrexham AFC fan. Next up: Hire Ted Lasso.

Go deeper

Blockbuster Supreme Court day

Photo: Drew Angerer/Getty Images

The Supreme Court will give conservatives a lot of what they want — but not quite everything.

Driving the news: It voted 9-0 to carve out religious objections to same-sex marriage, saying foster-care agencies have a First Amendment right to turn away same-sex couples. But it also voted 7-2 to preserve the Affordable Care Act, saying Republican attorneys general did not have the legal standing to bring their lawsuit.

Biden signs bill making Juneteenth a federal holiday

President Biden and Vice President Harris with members of Congress after the signing in the White House on June 17. Photo: Jim Watson/AFP via Getty Images

"Great nations don't ignore their most painful moments," President Biden said before signing legislation Thursday that establishes Juneteenth as a federal holiday, just two days before the occasion.

Why it matters: The holiday, which will be known as Juneteenth National Independence Day, is now the 11th annual federal holiday and the first one established since the creation of Martin Luther King Jr. Day in 1983.

Dan Primack, author of Pro Rata
1 hour ago - Podcasts

House antitrust chair discusses the bills to bust up Big Tech

House lawmakers last week introduced a series of five bipartisan bills designed to curb the power of Big Tech, targeting Apple, Amazon, Facebook and Google in all but name.

Axios Re:Cap speaks with Rep. David Cicilline (D-R.I.), chair of the House antitrust committee and a sponsor on most of the bills, to learn how he plans to get these measures over the finish line. The congressman from Rhode Island also faces a slate of other priorities and in the wake of a spending package to bolster the U.S. tech sector’s ability to compete with China.