- Cameron and Tyler Winklevoss have joined as co-owners of Peter McCormack’s Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin (BTC)
- The investment aims to establish a Bitcoin treasury for RBFC to safeguard against fiat debasement and bring the club to the English Premier League
- The funds will also be used for developing a new training center and supporting girls’ and youth football
The Winklevoss twins, Cameron and Tyler, have joined Peter McCormack as co-owners of the Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin to support the club’s goals. This investment was made through the twin’s firm Winklevoss Capital.
Details of the Investment
The $4.5 million Bitcoin investment will be used to establish a Bitcoin treasury for RBFC to safeguard against long-term fiat debasement. McCormack acquired RBFC, his hometown football club in Bedford, UK in 2021. The club accepts Bitcoin for tickets, merchandise, sponsorships, and beverages.
McCormack aims to bring RBFC, with a population of just under 200,000, to compete with top UK Premier League clubs like Manchester United and Chelsea FC. “We are a long way from the Premier League as exciting as that is our ambition I work on one league at a time,” McCormack stated.
The Winklevoss twins share McCormack’s vision. “We’re not just investing in a football club, we’re investing in a dream to bring Premier League football to Bedford,” said Cameron Winklevoss.
Plans for the Investment
The funds will also support building a new training facility and ongoing support for girls’ and youth football programs.
This investment comes after the Winklevoss twins recently donated $49 million to the crypto-focused PAC Fairshake to support crypto-friendly political candidates.
Conclusion
The injection of funds from prominent Bitcoin advocates like the Winklevoss twins signals growing mainstream adoption of crypto and recognition of its potential to transform industries like professional sports. McCormack and the twins aim to bring the benefits of Bitcoin to football and propel small-town RBFC up the ranks to the top of English football.
