Following a $4.5 million Bitcoin investment to support the club’s goals, Cameron and Tyler Winklevoss have become co-owners of Real Bedford Football Club (RBFC), owned by Bitcoin podcaster Peter McCormack.As per a recent announcement, the Winklevoss twins used their investment vehicle, Winklevoss Capital, to carry out the acquisition and investment.The club will utilize the funds to create a Bitcoin treasury, and McCormack told Cointelegraph that the goal of the treasury is to protect the club “against long-term fiat debasement.”
“The investment helps with the infrastructure. We need to grow this with our ambitions,” McCormack explained.
Additionally, the funds will be allocated toward developing a new training center and ongoing support for girls’ and youth football.
McCormack bought RBFC in 2021. Bedford, where he was born and raised in the United Kingdom, has a population of just less than 200,000.His goal is for RBFC, which takes Bitcoin for game day tickets, merchandising, sponsorships, and drinks, to play in the English Premier League with renowned British teams like Chelsea and Manchester United.
“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.
McCormack envisions the Winklevoss twins leading RBFC to the top level in the United Kingdom.
“We’re not just investing in a football club, we’re investing in a dream to bring Premier League football to Bedford,” Cameron Winklevoss said.
“We share in Peter’s deep conviction in Bitcoin and its ability to supercharge RBFC’s quest to make it into the Premier League,” Tyler Winklevoss added.
This is in response to recent reports that the Winklevoss twins gave $4.9 million to the super political action committee Fairshake, which is focused on cryptocurrencies, in order to assist candidates who embrace them in the next US elections.