Key Takeaways:
- Cameron and Tyler Winklevoss invested $4.5 million in Bitcoin into Real Bedford Football Club (RBFC) through Winklevoss Capital, joining Peter McCormack to push the club towards English Premier League ambitions.
- The investment will establish a Bitcoin treasury for RBFC, aimed at safeguarding the club against fiat currency depreciation and enhancing the club’s infrastructure.
- Beyond financial inputs, the investment will also fund the development of new training facilities and support expansions in youth and girls’ football programs, demonstrating a commitment to holistic club growth.
Cameron and Tyler Winklevoss, prominent figures in the cryptocurrency world, have recently become co-owners of Real Bedford Football Club (RBFC), joining forces with Bitcoin podcaster Peter McCormack.
The twins invested $4.5 million worth of Bitcoin through their investment firm, Winklevoss Capital, to support the club’s ascent towards the English Premier League.
.@Cameron and @Tyler Winklevoss invest in Real Bedford becoming co-owners with @PeterMcCormack
— Gemini (@Gemini) April 12, 2024
Their $4.5M in #Bitcoin into Real Bedford FC is the largest investment ever made into a football club in the UK outside of professional leagues
We are… pic.twitter.com/5fbvfACoBH
The investment will primarily fund the creation of a Bitcoin treasury for RBFC, aiming to protect the club from the depreciation of fiat currencies over time.
“The investment helps with the infrastructure. We need to grow this with our ambitions,” McCormack stated, highlighting the strategic use of these funds.
Today, @tyler and I are excited to announce that @winklevosscap has made a $4.5M bitcoin investment in @realbedford, becoming co-owners alongside @PeterMcCormack, and creating the first-ever football club powered by bitcoin. Why did we make this investment? A few reasons:
— Cameron Winklevoss (@cameron) April 12, 2024
Peter…
Beyond the financial investment, the plans include developing a new training center and supporting the expansion of youth and girls’ football programs within the club.
Since acquiring the club in 2021, McCormack has actively integrated Bitcoin into the club’s operations, accepting it for game tickets, merchandise, sponsorships, and even beverages.
This move aligns with his vision to elevate RBFC to compete among the ranks of renowned UK football clubs like Manchester United and Chelsea.
WOW! 👀
— BBC Sport (@BBCSport) April 12, 2024
A non-league English football club has received an injection of £3.6m from a pair of cryptocurrency billionaire twins.#BBCFootball pic.twitter.com/6E3oZS0e8a
“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 shared about the club’s gradual progression.
Echoing McCormack’s enthusiasm, Cameron Winklevoss expressed the broader ambition behind their investment: “We’re not just investing in a football club; we’re investing in a dream to bring Premier League football to Bedford.” His brother Tyler added, “We share Peter’s deep conviction in Bitcoin and its potential to supercharge RBFC’s journey to the Premier League.“
The Winklevoss twins have joined Real Bedford Football Club as co-owners after investing $4.5m in #bitcoin into the club pic.twitter.com/qNlNqqBiMV
— CryptoSavingExpert ® (@CryptoSavingExp) April 13, 2024
This venture into sports by the Winklevoss twins follows their recent political engagement, having donated $4.9 million to a crypto-focused super political action committee to support crypto-friendly candidates in upcoming U.S. elections.
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