Winklevoss Twins Invest $4.5 Million in Bitcoin to Boost Real Bedford Football Club's Premier League Ambition
Summary:
Bitcoin enthusiasts and twin brothers, Cameron and Tyler Winklevoss have invested $4.5 million in Bitcoin into the Real Bedford Football Club (RBFC), owned by podcaster Peter McCormack, in a bid to help the club rise to Premier League status. This investment will fund the creation of a Bitcoin treasury, build a training center, and support youth and girls' football.
The twin brothers Cameron and Tyler Winklevoss have recently become co-owners of the Real Bedford Football Club (RBFC), a venture of Bitcoin podcaster Peter McCormack, following a $4.5 million Bitcoin investment aimed at supporting the club's objectives. McCormack purchased his local football team in Bedford, a city with an estimated population of 200,000, in 2021. He has set his sights on having RBFC - which accepts Bitcoin payments for tickets, merchandise, advertising, and refreshments on game days - rival prominent UK football clubs such as Manchester United and Chelsea.
McCormack expressed to Cointelegraph, “Our ultimate ambition is to reach the Premier League but we must take one step at a time." The Winklevoss brothers have assumed co-ownership and enlisted their investment firm, Winklevoss Capital, to funnel $4.5 million into the endeavor. This finance injection will go towards creating a Bitcoin treasury for the club, which McCormack asserts will protect the club from any long-term devaluation in fiat currencies.
Apart from that, the funds will also contribute to the creation of a state-of-the-art training facility and the continuous promotion of girls' and youth football. The Winklevoss brothers and McCormack share the same dream for RBFC to mark its spot in the UK's highest football league. Cameron Winklevoss expressed their shared vision, "We’re making an investment in a dream, and that dream is to bring Premier League football to Bedford.”
Tyler Winklevoss echoed his brother’s sentiments adding, "We are united in Peter's unwavering belief in Bitcoin and its potential to expedite RBFC's journey to the Premier League." This development follows the recent news that the Winklevoss brothers gifted $4.9 million to Fairshake, a super political action committee with a focus on cryptocurrency, in a bid to aid crypto-friendly candidates in the forthcoming US elections.
Published At
4/13/2024 4:35:51 AM
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