- Last week, the Winklevoss twins invested $4.5 million in Bitcoin into Real Bedford Football Club.
- The BBC portrayed the twins as soccer ignorant.
- Tyler Winklevoss puts the BBC on blast, calling the broadcaster dishonest.
The Winklevoss twins are known for being early Bitcoin investors, co-founders of the Gemini crypto exchange, and fierce rivals to Mark Zuckerberg. Last week, the twins added soccer magnates to their resumes following a $4.5 million Bitcoin investment to become co-owners of Real Bedford FC, a humble ninth-tier English club with big dreams of Premier League glory.
Next season, Real Bedford will play in the eight-tier following promotion after a dominant 2023/2024 season in which they lost one game and had a massive 93-goal difference. However, taking the shine off proceedings, the BBC saw fit to publish an article conveying the US twins as clueless about the beautiful game. But the Winklevoss brothers were not about to let that narrative slide.
Winklevoss Puts BBC on Blast
In a scathing response, Tyler Winklevoss came out swinging against the BBC’s portrayal of his and his brother’s lack of soccer knowledge. According to Tyler, the twins’ initial lack of familiarity was not with the sport itself, but rather the specifics of the English soccer league promotion and relegation system.
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The US Major Soccer League (MLS) operates a closed single league system with teams not competing to win promotion or avoid relegation, as there is only one tier.
Tyler Winklevoss stated that the BBC could have used the opportunity to educate “Us Yanks” on the mechanics of the English soccer league structure. Instead, they chose to resort to “short-termism, mis-direction, and dishonesty,” further eroding the public trust in mainstream media, lamented Tyler.
Tyler saw this reporting as symptomatic of a larger crisis facing the legacy media, which, in conjunction with AI, will render legacy media obsolete.
Real Bedford FC X Bitcoin
Bitcoin maxi Peter McCormack bought Real Bedford FC for an undisclosed sum in 2021, aiming to take the then-tenth-tier English club to the Premier League. Under McCormack’s ownership, the club has already achieved two promotions, rapidly climbing the soccer pyramid, and is now sitting 7 leagues away from the top flight.
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The Real Bedford FC website made clear that the club is “intrinsically linked to” Bitcoin. However, in a seemingly contradictory move, the site warned fans not to invest in Bitcoin, citing its volatility and lack of customer support. Instead, the club encouraged supporters to take the time to educate themselves on the nature of Bitcoin and why “it is one of the most important inventions in modern times.”
The Winklevoss twins’ $4.5 million Bitcoin investment is set to bolster Real Bedford’s quest for Premier League glory. According to the club, the funds will be used to develop a new training center, launch a youth academy to nurture local talent and establish a Bitcoin treasury.
On the Flipside
- Soccer is the world’s most popular sport, with approximately 3.5 billion fans globally.
- Soccer is not popular in the US for many reasons, including the cultural aspect of favoring high-scoring sports and soccer not being viewed as an American sport.
- The rise of crypto billionaires investing in traditional industries like sports is blurring the lines between the old and new economies.
Why This Matters
The Winklevoss twins’ pushback against the BBC’s portrayal of their soccer knowledge underscores legacy media’s waning authority and credibility. On a more positive note, the twins’ investment in Real Bedford FC represents a fascinating intersection of Bitcoin and grassroots in real-life community building.
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