Winklevoss twins invest $4.5 million in Real Bedford FC

The Gemini investment signifies the convergence of cryptocurrency and sports sponsorship

Real Bedford FC, a non-league soccer club, has received a substantial investment of $4.5 million from Cameron and Tyler Winklevoss, the founders of Gemini, a cryptocurrency exchange. This investment marks a significant step in bridging the worlds of cryptocurrency and sports sponsorship.

Owned by crypto podcaster Peter McCormack, Real Bedford FC has set ambitious goals under his leadership. McCormack aims to elevate the club to the Premier League, competing alongside renowned teams like Manchester United and Chelsea FC.

Since acquiring the club in 2021, McCormack has been dedicated to its growth, implementing innovative initiatives such as accepting Bitcoin for various transactions, including game day tickets, merchandise, sponsorships, and beverages.

The infusion of funds from the Winklevoss twins will not only strengthen the club financially but will also bring them aboard as co-owners. This partnership underscores the twins' belief in McCormack's vision and the potential of Bitcoin to propel Real Bedford FC to new heights.

Tyler Winklevoss expressed confidence in McCormack's ability to lead the club to success, stating that they shared Peter’s deep conviction in Bitcoin and its potential to propel Real Bedford FC into the Premier League. Cameron Winklevoss echoed this sentiment, emphasizing their excitement to collaborate with McCormack as co-owners.

McCormack welcomed the investment, highlighting its significance in sustaining the club's growth trajectory. He emphasized the importance of community support in achieving the club's goals, noting that proceeds from ticket sales would contribute to the Bedford Development Fund, benefiting local initiatives.

The financial injection will not only contribute to the club's growth but also enhance its facilities, including the establishment of a new training center.

Furthermore, funds will be allocated towards initiatives supporting girls’ and youth football, underscoring the club's commitment to fostering talent at all levels.

The partnership between Real Bedford FC and the Winklevoss twins reflects a growing trend of cryptocurrency firms venturing into sports sponsorship.

For example, Bitget has a long-standing partnership with soccer star Lionel Messi who is also the crypto exchange’s brand ambassador.

Major cryptocurrency exchange Binance, on the other hand, has been collaborating with legendary soccer player Cristiano Ronaldo.

While Gemini's sports presence has been relatively limited compared to other crypto brands, this new investment in Real Bedford FC signals its commitment to supporting initiatives at the grassroots level.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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