Gemini Secures 5-Year Bitcoin Sponsorship Agreement with Real Bedford Football Club
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NAIROBI (CoinChapter.com) — Real Bedford Football Club, co-owned by Peter McCormack, has entered into a lucrative five-year sponsorship deal with Gemini. The deal, exclusively paid in Bitcoin, is aimed at enhancing the financial stability and community initiatives of the club.
As part of the agreement, Gemini’s logo will have prominent placement on team jerseys and throughout the stadium, marking a significant milestone in the partnership.
Bitcoin Investment Boosts Bedford’s Ambitions
This sponsorship builds upon the $4.5 million Bitcoin investment initiated by Winklevoss Capital in April 2024. Following this investment, Tyler and Cameron Winklevoss, the founders of Gemini, became co-owners of the club alongside McCormack.
Marshall Beard, the COO of Gemini, expressed strong confidence in the collaboration, emphasizing that the five-year deal signifies their belief in Real Bedford’s potential to compete with established rivals under Peter’s leadership, fueled by Bitcoin support.
Gemini publicized the sponsorship agreement with Real Bedford Football Club.
Real Bedford’s recent successes, including back-to-back league promotions and cup triumphs, showcase the positive impact of Gemini’s financial backing.
Bitcoin Integration as Financial Sentry
McCormack views Bitcoin as a safeguard against what he deems as irresponsible economic policies by governments. Furthermore, he envisions Bitcoin empowering individuals and businesses to secure their financial well-being amidst governmental constraints on economic productivity.
This five-year sponsorship arrangement is among the longest multi-year shirt sponsor agreements outside of the professional leagues in the UK. It will directly contribute to the club’s Bitcoin treasury, facilitating development initiatives such as a state-of-the-art training facility.
A Spanish striker’s Bitcoin-funded transfer in 2023 attracted significant attention.
Source: The Sun Football
Moreover, the funds will support the establishment of a youth football academy for underprivileged children in Bedford, further demonstrating the club’s commitment to community development.
The trend of integrating cryptocurrency into the football industry extends beyond Real Bedford. In recent years, numerous clubs have collaborated with cryptocurrency companies to navigate financial hurdles. Notably, in 2023, Spanish striker David Barral’s transfer from Real Madrid to DUX International de Madrid was completed using Bitcoin.
Crawley Town FC has leveraged non-fungible tokens (NFTs) and digital collectibles to raise funds and sustain fan engagement. Additionally, Portuguese football sensation Cristiano Ronaldo teamed up with Binance to launch exclusive limited edition NFTs, underscoring the growing intersection of crypto and sports.
