Cameron and Tyler Winklevoss have committed $4.5 million in Bitcoin to Real Bedford Football Club, securing co-ownership stakes alongside club chairman Peter McCormack. According to a report from the club, Peter McCormack made the announcement during the inaugural CheatCode Conference held in Bedford earlier today. The substantial investment from the Winklevoss twins, founders of the Gemini cryptocurrency exchange, aims to bolster the club’s ambitious aspirations under McCormack’s leadership.
The Winklevoss brothers’ investment through their venture firm, Winklevoss Capital, positions them as co-owners of the emerging football club alongside McCormack. Their joint vision includes propelling the team to the upper echelons of English football, with the Premier League firmly in their sights.
Community Impact and Development Plans
Since Peter McCormack, a known podcaster and cryptocurrency enthusiast, took the helm of Real Bedford FC, the club has made swift strides up the English football league system, climbing from the 10th tier to the 9th and now leads its division with hopes of achieving back-to-back promotions. In their commitment to the community and the development of local talent, the Winklevoss twins, who recently invested in the club, are implementing several initiatives. These include creating a Bitcoin reserve to solidify the club’s financial future, building a new educational centre, starting a football academy to develop local players, continuing support for youth and girls’ sports programs, and increasing the club’s emergency fund to ensure that financial barriers do not prevent any local child from participating in football.
Tyler Winklevoss expressed confidence in the club’s direction and the potential impact of [ccpw id=60415], stating,
“We are strong believers in Bitcoin and its potential to help RBFC achieve their goal of making it to the Premier League.”
McCormack reflected on the club’s achievements and community contributions, noting,
“We have met our growth objectives and have made a lasting impact on the community.”
Winklevoss Capital, led by the Winklevoss twins, is known for its substantial influence in the technology and Crypto sectors. The firm is committed to supporting innovative projects that have the potential to revolutionise industries and advance societal progress.
