Bitcoin
$64,341.83-3.44%
Ethereum
$3,144.98-2.50%
Binance Coin
$609.19+0.18%
Solana
$148.24-4.83%
XRP
$0.52825295-3.21%
Dogecoin
$0.15194786-5.65%
Toncoin
$5.58-2.47%
Cardano
$0.47618826-5.02%
Shiba Inu
$0.00002581-4.27%
Avalanche
$36.49-5.61%
Wrapped Bitcoin
$64,444.85-3.46%
Tron
$0.11363217+0.12%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
34
DAYS
11
HR
50
MIN
10
SEC
Finance

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
AccessTimeIconDec 16, 2021 at 8:22 p.m. UTC
Updated May 11, 2023 at 6:02 p.m. UTC
Peter McCormack (CoinDesk archives)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.
VolumeMuteUnmute

How Saga's Chainlets Automate Layer 1s

  • Inside Saga's 'Power-Level Over 9000' Campaign
    00:43
    Inside Saga's 'Power-Level Over 9000' Campaign
  • Saga CEO on Chainlets Feature
    19:20
    Saga CEO on Chainlets Feature
  • DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
    02:26
    DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
  • What's Driving HBAR's Roller-Coaster Ride?
    01:12
    What's Driving HBAR's Roller-Coaster Ride?

    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eli Tan
    Eli Tan

    Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

    Follow @elitanjourno on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

    Read more about
    Soccer