The football club Real Bedford, co-owned by Peter McCormack and supported by the Winklevoss twins, will now receive payments in Bitcoin as part of a new sponsorship deal.

Gemini’s Sponsorship Deal with Real Bedford

Gemini, a prominent cryptocurrency exchange, has announced a five-year sponsorship deal with Real Bedford, a football club based in Bedford, England. The entire sponsorship payment will be made in Bitcoin (BTC) and will be invested into Real Bedford’s Bitcoin treasury.

The club has integrated cryptocurrency into its financial operations. Players now have the option to receive cryptocurrency payments, and fans can purchase tickets and merchandise using Bitcoin.

“By integrating Bitcoin into our treasury, we have achieved a +62% return, thereby strengthening the club’s financial position and protecting our cost base against the recent surge in inflation,” said owner Peter McCormack.

The Bitcoin transaction will be paid in advance and is aimed at helping the club achieve success and improving prospects for youth in the local area. Real Bedford has clear ambitions to qualify for the Premier League.

Real Bedford FC and Cryptocurrency

In April this year, Cameron and Tyler Winklevoss, founders of Gemini, became investors in Real Bedford Football Club. The brothers invested $4.5 million worth of Bitcoin into the football club as part of a transaction facilitated through Winklevoss Capital, their investment firm. This investment made the Winklevoss twins co-owners of the club, joining McCormack who purchased Real Bedford in 2022.

The Winklevoss twins recently donated $2 million in Bitcoin to support Donald Trump’s 2024 campaign and have criticized the Biden administration’s handling of cryptocurrency regulations.

For more news on cryptocurrencies, investing, and finance, visit Global Crypto News.

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