Winklevoss Twins Become Owners of Bitcoin Football Club, Inject $4.5M BTC
Cameron and Tyler Winklevoss have joined Bitcoin podcaster Peter McCormack as owner of Real Bedford Football Club (RBFC) in investing an estimated $4.5 million in Bitcoin (BTC) to support the club's plans.
The Winklevoss twins made the investment and acquisition through their investment firm Winklevoss Capital, according to a recent statement.
The money will be used to establish a Bitcoin treasury for the club, McCormack told Cointelegraph that the treasury aims to protect the club from “prolonged fiat debasement”.
“The investment will help in infrastructure. We need to grow this with our goals,” McCormack explained.
In addition, the funds will be allocated to the development of a new training center and ongoing support for girls and youth football.
In the year In 2021, McCormack acquired RBFC in his hometown of Bedford, UK, with a population of just under 200,000.
It holds ambitions for RBFC to compete in the English Premier League with famous English clubs such as Manchester United and Chelsea – accepting bitcoin for matchday tickets, merchandise, sponsorships and drinks.
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“We are a long way from the Premier League. While our interest is exciting, I will work on one league at a time,” McCormack said.
The Winklevoss twins share McCormack's vision of bringing RBFC into the top flight in the UK.
Cameron Winklevoss said: “Not only are we investing in a football club, we are investing in the dream of bringing Premier League football to Bedford.”
Tyler Winklevoss added: “We share Peter's deep belief in Bitcoin and his ability to maximize RBFC's pursuit of the Premier League.
This is after it was recently reported that the Winklevoss twins donated $4.9 million to the crypto-focused Fairshack Super Political Action Committee to support crypto-friendly candidates in the upcoming US elections.
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