WINKLEVOSS TWINS TO INVEST $4.5M INTO REAL BEDFORD FOOTBALL CLUB
Chairman Peter McCormack announcing the deal at the inaugural CheatCode Conference in Bedford this afternoon.
Cameron and Tyler Winklevoss invest $4.5M of Bitcoin into Real Bedford, becoming Co-Owners with Peter McCormack
Winklevoss Capital, the investment firm owned by Gemini founders Cameron and Tyler Winklevoss, has made a $4.5M bitcoin investment into Real Bedford FC, the ambitious football club acquired by Bedford resident, podcaster, and journalist Peter McCormack. Following this investment, Cameron and Tyler will assume the role of co-owners of RBFC alongside Peter McCormack.
Peter McCormack is a Bedford resident who is well known for his podcast “What Bitcoin Did.” Since purchasing RBFC in 2021, he has made significant progress towards his goal of leading the team into the Premier League. Real Bedford won a promotion from the 10th tier to the 9th tier in their debut season and are currently at the top of the table this season, looking to achieve a back- to-back promotion from the 9th tier to the 8th tier.
Cameron, Tyler, and Peter all share a deep conviction in bitcoin and its ability to help supercharge RBFC’s quest to make it into the Premier League. Tyler and Cameron also understand first-hand the transformative power of sport. To that end, this investment will continue to support RBFC’s community-building approach to football now and in the future. And it follows a long-term partnership between Gemini and RBFC after initially announcing Gemini’s sponsorship of the football club in January 2022, and will be deployed strategically through the following initiatives:
The establishment of a bitcoin treasury to secure the club’s long-term ambitions
The development of a new training center
The launch of a football academy to nurture local talent
Continued support for girls’ and youth football
An increase in funding for the club’s hardship fund, which will ensure that no child in Bedford misses out on the opportunity to play football due to economic reasons
Tyler 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. Since our first conversation more than two years ago, Peter has proven he knows how to build a successful club and we’re excited to work alongside him as co-owners.”
Peter McCormack commented:
“This has been a great few years for the club as we hit all of our growth goals and supported the community in a sustainable way. The demands of a fast-growing club are significant, and the backing from Tyler and Cameron will allow us to continue investing in Bedford and the local community"
RBFC reflects the community nature of bitcoin by developing local Bedford talent and fostering a welcoming and supportive environment, creating opportunities for aspiring footballers, and promoting the sport’s growth within the Bedford region. This year RBFC introduced the Real Bedford Ladies, who are also likely to achieve promotion to the next tier and sit at the top of their league.
Cameron Winklevoss added:
“Seeing the progress Peter has made with Real Bedford and his community-building approach has truly been inspiring. His ability to translate vision into action is exactly why we believe in this project. We’re not just investing in a football club, we’re investing in a dream to bring Premier League football to Bedford. We firmly believe Peter is the right leader to make this dream a reality”
For further details and inquiries, please contact Will Roberts, Head of Media and Communications at Real Bedford FC, via will@realbedford.com.
ABOUT REAL BEDFORD FC
Real Bedford FC is a non-league football club based in Bedford. Acquired by Peter McCormack in 2021, he set the ambitious goal of getting the team into the football league. After rebranding as Real Bedford, they won a league and cup double in their first season and have been promoted to the Spartan South Midlands Premier League.
The club prides itself on its strong and growing community ties and dedication to developing local talent. With a focus on fostering an inclusive and supportive environment, Real Bedford FC aims to create opportunities for aspiring footballers and promote the sport's growth within the Bedford region.
About Winklevoss Capital
Winklevoss Capital is Tyler and Cameron Winklevoss's family office. Known for their influential role in the technology and finance sectors, the Winklevoss twins are committed to supporting innovative solutions that redefine industries and drive societal progress.
Contact:
Will Roberts
Head of Media and Communications, Real Bedford FC Email: will@realbedford.com
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