158 bitcoins (worth about $1 million) will be "kept afloat for soccer, the RBFC chairman said, while the remaining 66.9 BTC will be kept in the club's coffers. The move is part of the club's strategy to "achieve financial stability and sustainability.
Mackormack is betting that #BTC will own RBFC in 2021 and secure the club's long-term ambition of reaching the eighth division. The podcaster plans to make Real Bedford FC the first #bitcoin club to reach the first division.
Football teams are businesses, and success in the soccer business makes ambitious plans possible. Our decision to become a #BTC team will allow us to reach an international market of fans and sponsors and create a sustainable revenue model that will allow us to compete for league titles.
the last two seasons, the club has moved from Division 1 of the South Midlands League to Division 1 of the South Central League several times. However, the Premier League dream is still a long way off.
Following the news, the #cryptocurrency community shared their excitement over the deal. Michael Saylor celebrated the announcement, while McCormack responded to Saylor's words that "there is no second best.
One member of the community stated that the podcaster "could own the most expensive sports team in history within a decade.
Another, user X, stated that "owning BTC for soccer is very important.
Another joked that he could buy Real Madrid player Kylian Mbappe for 2 BTC next season. Meanwhile, many members of the crypto community have expressed interest in buying products from clubs that accept BTC payments in their stores.
#Gemini became a multi-year sponsor of RBFC in 2022 and has supported Real Bedford in their bid to qualify for the Premier League. Earlier this month, the cryptocurrency exchange strengthened its partnership with the club by extending the sponsorship deal for a further five years.
Gemini announced that the sponsorship fee will be "paid in bitcoins to support the continued success of the club and expand opportunities for children in the local community.
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