Billionaire Twins Make Historic Investment in Ninth-Tier Football Club
Real Bedford FC (RBFC), a non-league football club in England’s ninth tier, has received a substantial boost with a $4.5 million investment from cryptocurrency investors Winklevoss Capital, owned by Gemini founders Cameron and Tyler Winklevoss. This injection of Bitcoin capital comes as the club, formerly known as Bedford FC before its acquisition by podcaster Peter McCormack in 2021, aims to ascend to the heights of the Premier League.
The involvement of the Winklevoss twins adds a layer of intrigue to the story, given their past legal battles and subsequent rise as Bitcoin billionaires. Despite their tumultuous journey in the cryptocurrency world, their investment in RBFC signals a new venture into football ownership. Their Gemini exchange has faced its own challenges, including a recent order to return over $1 billion to customers and fines for regulatory violations.
However, with Bitcoin’s value soaring to record highs in recent times, the timing of their investment appears opportune. The infusion of funds will fuel RBFC’s ambitions, supporting the development of a new training center, launching a football academy, and bolstering youth and girls’ football initiatives. Additionally, the establishment of a Bitcoin treasury underscores the club’s forward-looking approach to financial sustainability.
Tyler Winklevoss expressed excitement about partnering with McCormack, emphasizing their shared belief in Bitcoin’s potential to propel RBFC towards Premier League success. His brother echoed this sentiment, highlighting their investment in not just a football club but a collective dream of bringing top-flight football to Bedford.
RBFC’s current position atop the Spartan South Midlands Football League Premier Division reflects their on-field success, and this investment sets the stage for further growth and community engagement. McCormack affirmed the significance of the Winklevoss brothers’ backing, recognizing its impact on the club’s ongoing commitment to Bedford and the local community.
As RBFC embarks on this new chapter with cryptocurrency backing, the convergence of sports and digital finance promises an intriguing journey ahead, both on and off the pitch.
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