Prominent bitcoin investor and podcast host Peter McCormack announced in a lengthy threaded tweet on Thursday that he has purchased professional English football club Bedford FC and become its chairman.
- McCormack, who grew up in Bedford, said his hope is to eventually get the team promoted from England’s lowly tenth division all the way to the Premier League.
- He is recruiting fellow bitcoin investors and companies to contribute funds to lure better players and managers and quickly improve the club.
- “I am a bitcoiner, we aim big. If we can separate money and state, we can get a football club into the Premier League,” McCormack said in one of his tweets.
- McCormack said Bedford FC will operate as a “bitcoin club” that “operates on a bitcoin standard.” He added that Bedford would introduce a bitcoin education program for the club’s fans, and also support open-source development.
- The club announced bitcoin mining company Compass Mining would be its first official partner.
- Also on Thursday, Cryptocurrency-backed group “WAGMI United” disclosed similar plans to purchase an as-yet-undisclosed, lower-tier English football club using crypto as a significant funding source, and eventually get it promoted to the Premier League.
NEWS: I can announce that I have agreed on a deal to acquire Bedford FC from their current chairman Lui.
There is a lot to cover and I will do my best in this thread. If you want to follow:
– Twitter: @realbedford
– Website: https://t.co/P51dyHXyw11/n pic.twitter.com/U6LPOhXwti
— Peter McLasso (@PeterMcCormack) December 16, 2021