Billionaire Winklevoss twins make huge investment in English football club with ambitions to reach Premier League
WINKLEVOSS twins Cameron and Tyler have ploughed millions of pounds into non-league club Real Bedford.
The cryptocurrency billionaires have invested around £3.6million worth of Bitcoin into the ninth-tier side.
The Winklevoss twins are now co-owners of the club alongside Peter McCormack, who bought the club in April 2021.
McCormack, 44, is a cryptocurrency podcaster who has ambitions of taking the club to the Premier League.
Tyler and Cameron Winklevoss have an estimated combined net worth of $5.4billion (£4.25bn), according to Forbes.
And the keen rowers have sponsored The Boat Race since 2021 through their company Gemini.
The Winklevoss twins competed in the famous race in 2010 as well as the 2008 Beijing Olympics, finishing sixth.
They represented Oxford after joining the university following their graduation from Harvard in 2004.
In the same year Cameron and Tyler’s social media website, ConnectU, filed a lawsuit against Facebook alleging that creator Mark Zuckerberg had broken a verbal contract with them, accusing him of stealing their idea for the site.
The twins had originally asked Zuckerberg to help expand the site from Harvard to other universities, but they later claimed that he had copied their idea to make his own website.
Five things you didn’t know about Real Bedford
- Established in 2002 as a merger of Bedford United and US Valerio
- Owned by cryptocurrency podcaster Peter McCormack
- They play at 1,000 capacity McMullen Park in Bedford
- They won promotion to the Spartan South Midlands Premier Division last season
- Kits are sponsored by Gemini – a cryptocurrency exchange and custodian bank founded by the Winklevoss twins – and fans can donate Bitcoin to the club
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Eventually, in 2008, both parties reached a settlement that saw the Winklevoss brothers paid a whopping £51MILLION.
Cameron and Tyler, 42, used some of their Facebook settlement to make a huge gamble on Bitcoin.
They spent around $11m (£8.19m) buying the cryptocurrency in 2013 when it was valued at just $120 (£90).
Today, one BTC is worth a staggering $70,000 (£55,000) – the twins still hold an estimated 70,000 BTC with a total value of around £3.5billion.
They are also founders of cryptocurrency exchange Gemini, which processes around $60m of trades daily and has over 10 million users.
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