Real Bedford FC gets £3.6m investment from Winklevoss twins

A non-league football club has finalised an investment deal with two major cryptocurrency investors.

Real Bedford FC, currently in the eighth tier of English football, has received £3.5m from Gemini founders Cameron and Tyler Winklevoss.

The team is in discussions to merge with Bedford Town, which is in the seventh tier.

Bitcoin podcaster Peter McCormack bought Real Bedford – then in the 10th tier and called Bedford FC – in January 2022 as part of his plan to grow the town’s football ambitions.

It was said the investment would be used for the development of a training centre, the launch of a football academy for new talent and to continue supporting youth football.

The move means the twins will assume the role of co-owners of the club alongside the cryptocurrency podcaster.

“The fact the Winklevoss twins are now co-owners is massive,” Mr McCormack told the BBC.

“They want to be involved in the running of the club and I will do the day-to-day business but we will be speaking regularly.

“This investment is huge for the town of Bedford. The money will be used to help the club pursue its league ambitions.”

He added the merger contract was “an ongoing process” and he was speaking with both sets of fans.