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Bitcoin Investor Peter McCormack Buys UK Soccer Club, Has Big Plans to Improve It
The podcast host is chasing a childhood dream with the purchase of a Tier 10 English club that he hopes can eventually make it to the Premier League.
By Eli Tan
Updated May 11, 2023, 6:02 p.m. Published Dec 16, 2021, 8:22 p.m.
Prominent bitcoin investor and podcast host Peter McCormack announced in a lengthy threaded tweet on Thursday that he has purchased professional English soccer 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 soccer 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.
— Peter McCormack🏴☠️ (@PeterMcCormack) December 16, 2021
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/P51dyHXyw1
1/n pic.twitter.com/U6LPOhXwti
STORY CONTINUES BELOW
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