Cameron and Tyler Winklevoss, co-founders of Winklevoss Capital, have officially become co-owners of Bitcoin podcaster Peter McCormack’s Real Bedford Football Club (RBFC) following a substantial investment of $4.5 million worth of Bitcoin.
Investment Purpose
The investment aims to fortify the club’s financial position by establishing a Bitcoin treasury to mitigate long-term fiat debasement risks. McCormack emphasized the importance of this funding in bolstering the club’s infrastructure to align with its ambitious growth plans.
The allocated funds will not only support the creation of a Bitcoin treasury but also contribute to the development of a state-of-the-art training center and provide ongoing assistance to girls’ and youth football initiatives.
Long-Term Ambitions
Since acquiring RBFC in 2021, McCormack has harbored aspirations of elevating the club to the same league as prominent UK clubs like Manchester United and Chelsea Football Club. While acknowledging the distance to the Premier League, McCormack remains steadfast in his dedication to realizing this dream one step at a time.
Both Cameron and Tyler Winklevoss align with McCormack’s vision of propelling RBFC to the pinnacle of UK football. They view their investment as not merely financial but also as a commitment to realizing the club’s aspirations of competing in the Premier League.
The Winklevoss twins’ investment in RBFC comes on the heels of their substantial contribution of $4.9 million to the Fairshake super PAC, underscoring their dedication to supporting crypto-friendly initiatives and candidates in the upcoming US elections.
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