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Investor acquires 10th tier club with ‘confident’ Premier League ambitions

Peter McCormack, a well-regarded Bitcoin investor and advocate, acquires a 10th tier club with ‘confident’ Premier League ambitions.

The news was announced on Thursday the 16th of December with Bedford FC, not to be confused with Bedford Town, are being taken over.

The team currently play their football in the Spartan South Midlands League Division One, sitting 6th in teh table with 35 points from 20 games played.

The league leaders for that division is Stotfold , who have 49 points from the same amount of games played.

A Twitter thread was posted by Peter McCormack and it reads:

NEWS: I can announce that I have agreed on a deal to acquire Bedford FC from their current chairman Lui. There is a lot to cover and I will do my best in this thread. If you want to follow:
– Twitter: @realbedford
– Website: https://realbedford.com

2/ This acquisition is part of a childhood dream to own a local Bedford club. We don’t have a big club where I live and I’ve always wanted to bring league football to the town. I am taking over as Chairman but Lui is going to stay on until the end of the season and support me.

3/ So what is the plan? To get our club into the Premier League, 9 promotions…

…I am a bitcoiner, we aim big. If we can separate money and state, we can get a football club into the Premier League.

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4/ I expect to be laughed at and told we can’t. I expect people will tell me stories of how other people have tried this and failed. I don’t care, we can do this and I will put everything I have into it.

We have so much leverage…

5/ It is all about winning games, to win games you need the best players and managers. To afford the best players and managers you need to be commercially successful.

I will establish our club as the #bitcoin club, a team that operates on a #bitcoin standard.

6/ There are two specific phases to this:
– Local: getting the team to the National League
– National: getting the team into the Premier League

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Both phases require a different strategy, but ultimately we need to be commercially successful.

7/ The following chart is a guide as to the range of running costs per team, per league.

Based on the sponsorships I have already sold and interest in our merchandise. Our year 1 revenue could match a small league 1 club.

We can therefore afford the best players and managers.

8/ Where local teams can only tap into a local community of fans/companies to drive revenue, we have a global army of #bitcoin holders and companies who can get behind this.

9/ We have so much leverage.

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An army of 150m #bitcoin holders and companies can be part of this journey.

I can also leverage my platform and audience.

10/ The second phase is attacking the higher divisions, specifically the Championship & the Premier League. Here we need capital as well as a sustainable commercial model.

I will be raising funds to hold in a #bitcoin treasury. If #bitcoin does its things…

11/ Let’s not let FTX, http://Crypto.com and Ryan Reynolds have all the fun…
…3.5bn people watch the Premier League alone, we can use this to communicate a #bitcoin standard.

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12/ Right now I am pitching sponsors and preparing to sell merchandise and jerseys from January.

The design here is a mockup for the club jerseys. I’ll be tapping you all up to buy them 🙂

13/ So… if you want to get behind this, here is what you can do:
– Follow @realbedford

– Sign up for the newsletter at https://realbedford.com

If you are interested in being an investor or sponsor then email hello@realbedford.com.

14/ Thank you to everyone who has supported me so far. I couldn’t be more excited about this.

Twitter users reacted as the investor acquires 10th tier club Bedford FC with ‘confident’ Premier League ambitions…

@ShireHODL: Change the name & make the kit more bitcoin. What’s the skull and crossbones about? It seems a bit all over the place. The idea is pretty great in general IMO.

@4BradMann: Yeah, I must concur. Skull & cross bones should be retired with rebranding. Consider new, clever, abstract logo that is forward thinking and subtlety infers Bitcoin without directly saying Bitcoin. Incorporate Bitcoin B into Bedford.

@NonleaguefootyW: I can see no way other than this being a huge success…

@Neilo1986: he sounds so knowledgeable though….

@NonleaguefootyW: Indeed, that’s what convinced me. Table of revenue is spot on… There is no chance this falls flat on its arse.

@Neilo1986: Id say briefly looking his audience will be the problem, ‘are games televised?’ they have no idea

@NonleaguefootyW: International audience, no thought for local support, how to get that and whether it exists. The man is clearly a total crank. But anyway I look forward to Hashtag utd vs Bitcoin Bedford FC in the champions league final in 10 years.

@miltonkeynesref: Has this been approved by @SpartanSMFL and the relevant FA’s?

@JohnL_chat: Hmm, this’ll end well….

@rbbrslmn: oh jesus poor club. why have they been sucked in?

@theboygibbo: In this thread he talks about paying to get the best players and managers – it’ll be interesting to see what manager he gets. I’ve no doubt he will get players to drop down and play if paying silly money.

@fionnviteza: I’m always on the lookout for new clubs to hate, welcome to the fold Bedford FC

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