Tyler and Cameron Winklevoss were made famous by the Hollywood movie, the Social Network. The Bitcoin brothers have now become co-owners of a semi-professional football team which is in the ninth tier of the English league.
The identical twins have an investment fund called the Winklevoss Capital, and they have used £3.6 million in Bitcoin to buy a 45% stake in Real Bedford. The team competes in the Spartan South Midlands Premier division, with an average attendance rate of 440 people per game. The team is owned by Peter McCormack, a podcast host and Bitcoin investor. He’s made it his primary goal to try and take his side to the Premier League.
Taking the Team to the Premier League
McCormack has said that the club is relentless about success and they are trying to build a club worthy of being in the football league. Euro betting odds are constantly updated by betting sites to account for team fluctuations. In the Premier League, three teams are relegated every season. In the Championship, three are promoted, with the top two securing an automatic place. The winner of the third-sixth place playoff is given the third promotional spot. For punters who have an interest in Premier League betting, this is an exciting format, as it gives clubs the chance to move up the ranks when they are able to prove themselves. Odds are also updated to reflect a team’s recent success, and with Real Bedford making waves right now, it’s going to be interesting to see where they end up.
The Bitcoin Club
The Winklevoss Twins won a $65 million payout after suing Mark Zuckerberg and invested the profit partially in Bitcoin. They then became the first-known Bitcoin billionaires, with the club now accepting Bitcoin as payment. It is also supported by a Bitcoin treasury, and streams matches in an attempt to appeal to both fans of the sport, and investors. The Winklevoss Twins have said that right now, they are making a profit and that they are targeting two very different audiences. They want to target those in Bedford who want to support the team and are excited about their upcoming success. They also have a US fanbase, who account for up to 70% of their audience. They can watch live coverage across several streaming services. The McMullen Park ground can be found just off the A421 and is currently owned by the Bedford Borough Council. The lease runs out in two years, but the long-term plan is to move somewhere bigger as attendance increases. The investment is currently believed to be the biggest ever in a non-league team, and it is also a major sign of growing interest from the US in lower-league football. Ryan Reynolds and Rob McElhenney’s takeover of Wrexham in 2020 is a prime example of how football is growing in popularity, especially with US investors.
