cryptocurrency exchange, are now investors in Real Bedford Football Club.
The brothers invested $4.5 million in Bitcoin in the soccer club as part of a transaction facilitated by Winklevoss Capital, their investment company.
This new partnership puts them alongside cryptocurrency podcaster Peter McCormack, who acquired the club in 2022.
The financial injection of the Winklevoss twins to Real Bedford is committed to several future projects. These include the creation of a new training center, the creation of a soccer academy and increased support for youth and women’s soccer programs.
The Twins became indirectly involved with the club in January 2022 after Gemini became one of their sponsors.
With this latest investment, Real Bedford also plans to establish a Bitcoin treasury.
Real Bedford’s linking up with high-profile American investors echoes a similar trend seen at Wales’ Wrexham AFC, which actors Rob McElhenney and Ryan Reynolds bought in February 2021 for £2 million ($2.5 million ).
Like Reynolds and McElhenney, the Winklevoss twins are aligning their technology investing capabilities with sports, expanding their influence beyond traditional business sectors into regional and community sports initiatives.
But the Winklevoss duo are just the latest in a long line of wealthy investors who see football clubs as a lucrative trophy.
According to a recent S&P Global report, “A few decades ago, sports teams were primarily viewed as risky, vanity assets.”
Today the scenario is different. The rising value of sports broadcasting rights and changes in player salaries have turned sports into an asset class that “combines above-market returns with the defensiveness often seen in sports utility companies.” low growth.”
One team that reportedly intends to sell a minority stake is Portugal’s Sporting Lisbon Football Club.
The current negotiations over the deal follow a debt restructuring at the club, where superstar Cristiano Ronaldo started out.