The Pomp Podcast - #766 Bitcoiner Buys A UK Football Club w/ Peter McCormack

Episode Date: December 29, 2021

Peter McCormack is the host of the "What Bitcoin Did" podcast and is the brand new owner of Real Bedford FC in the UK. In this conversation Peter discusses his new team, how he's going to adopt a Bitcoin Standard, and why he believes he can take the club for the 10th level in the division all the way up to the Premiere League. ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry’s leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin. Visit compassmining.io to start mining bitcoin today! ======================= Crypto is all about democratization and freedom of choice. But many companies limit their offerings to centralized trading products. The crypto companies leading the pack in terms of innovation are those that extend access to the industry's cutting-edge products and services — bridging CeFi and DeFi. If you're searching for a platform that reflects crypto's promise of a more open and less restrictive financial future, look no further than OKEx. On OKEx now you can easily switch over to the new DeFi mode, connect OKEx's bespoke Web 3.0 wallet via browser extension and start exploring opportunities at the bleeding edge of crypto. From the DeFi Dashboard, you can monitor your portfolio of self-custodied assets across a range of blockchain networks and generate passive income from yield-farming with top DeFi protocols. In the NFT Marketplace, you can participate in exclusive drops and trade nonfungible tokens without secondary market fees. Meanwhile, the GameFi section is your portal to the latest and greatest in play-to-earn and blockchain gaming. Venture to the forefront of crypto innovation and connect with OKEx DeFi today. =======================

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp Podcast, simply the best podcast out there. Now let's kick this thing off. Peter McCormick hosts the What Bitcoin Did podcast, and he also is the brand new owner of Real Bedford, a football club in the UK. Peter comes on and he talks all about his plans for the new team, how he's going to adopt the Bitcoin standard, and why he believes he can take them from the 10th level of the football division all the way up to the English Premier League. This is an absolute insane dream, but if it's anyone that I'd bet on, it'd be my friend Peter. I hope that you enjoyed this conversation, but before we get into this

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On OKEx now, you can easily switch over to the new DeFi mode, connect OKEx's bespoke Web3 wallet via browser extension, and start exploring opportunities at the bleeding edge of crypto. From the DeFi dashboard, you can monitor your portfolio of self-custodied assets across a range of blockchain networks and generate passive income from yield farming with top DeFi protocols. In the NFT marketplace, you can participate in exclusive drops and trade non-fungible tokens without secondary market fees. Meanwhile, the GameFi section is your portal to the latest and greatest in play-to-earn and blockchain gaming. Venture to the forefront of crypto innovation and connect with OKEx DeFi today. Again, go check them out at OKEx. That's where you can find OKEx DeFi. All right, let's get into this episode.

I hope you guys enjoy this one. Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are solely their opinions and do not reflect the opinions of Pomp Investments. You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only. Walk us through, when you buy the team, what does that come with? Is it like you get player contracts, there's a field that you own? What exactly comes with the deal?

Yeah, if you're buying a Premier League team, yeah, but this is you're buying the name, you're buying like whatever lease like leases they've got on the ground and any equipment. But it's, you know, we're in the 10th year of British football. The infrastructure is minuscule. Really, you're just buying the setup. there's no real assets apart from like the equipment but you're not really buying that you're just buying you're buying the name and the infrastructure that's already in place which is easier than setting up a if you start a team you have to start below that which is the 11th tier okay now when you talk about being in the 10th tier the epl that is the uh number one tier yeah yeah so we're nine promotions from the premier league how hard is it going to be to get from tender one good question right i think it's the way i've thought about it because i only ever thought i want to get in the football league which is uh that's premier league championship

league one and league two and that's known as professional league so we are uh six promotions away from the football league that was the original target and then i spoke to an investor who said well how about how do you get in the premier league so i think it's so i thought about over a lot and there's kind of two stages to it stage one is uh get to the football league that really is about having you know you've got enough money you can get the best players and the best manager and you can make it through those leagues now these clubs operate on no money i mean the budget for my team for this year the team to run the club was 15 000 pounds none of the players I've already in the first week I sold managers a budget then go and get the player

I think our turnover this year will match a like a decent league two team therefore we've got good budgets to spend on players and managers so if we can continue to run this in like a successful commercial business and we have the right team in place we should be able to get through those early divisions let's say we do it let's say we get into league two how do you go from league two to the premier league you know you really you need real money and real infrastructure that's expensive and so my my view on this is you know it's it's quite a bold one i want to do something nobody will understand in football you'll get it i want to raise 50 million pounds and i want to put that and the Bitcoin treasury that we don't touch for eight seasons.

It just sits in there. You get it? You know what? Bitcoin does its thing. By the time we get into the football league, we'll have quite a war chest to work with. All right. How much money can you make doing this?

So let's say that you bought the team. I don't know. Have you said how much you bought the team for? Is that publicly known? No, that's not publicly known. Okay. And part of the term, yeah, I agree. Okay, so we'll say that it was a good deal.

I trust your negotiating skills. How much money can you make if you make it all the way to the EPL? Is that like a couple hundred million dollars a year? Listen, look, for me, this isn't about making money, Pop. If this was about making money, I wouldn't actually raise any investment because I can generate close to a million and a half in profit with this team this year. And I can do that most seasons and just pocket that money.

But it's not about that. This is about doing something for Bedford, where I'm from. I'm like, I'm in this fortunate position where I can rally this army of Bitcoiners to get behind it. I want to do this. But fair question. The only real money is in the Premier League, right? If you get in the Premier League, you get access to the TV money. And it's about $150 million a year.

So, you know, that's a decent amount of money that you get just for being there and being on TV. Now, if you create a club that's in the Premier League, you have a club that's worth possibly anything from, I mean, I think Newcastle just sold for like $300 or $400 million. So the reason why I'm asking about how much money you can make is because I'm thinking about making an investment, coming to Bedford and saying, I own part of your team. You know that guy, Peter?

He's the prince of Bedford. I'm the king of Bedford. You're going to make an investment for sure. I'm going to make sure you make an investment. But this is also, I think there's two things that are at play here, Bob, that can work well. I can do something for Bitcoin that benefits Bedford. I can do something for Bedford that benefits Bitcoin, right? Correct.

We can leverage the Bitcoiners to get behind this, which allows Bedford to have a really good commercial model and be successful. But we can leverage Bedford for Bitcoin because if this is successful, if in terms of advertising, you talk about things like a category job. Think of the ads that DCG do. Their ads aren't really about DCG. They're category ads to promote Bitcoin. If we run this on a sound money standard, I make this work, this does a category job of explaining Bitcoin to football people as well. So I think there's like this symbiotic relationship.

All right. So if I think about this, just so people at home make sure that we understand here, Peter's bought a team in the 10th league. he's basically putting it on a bitcoin standard he's gonna raise a bunch of money he's gonna buy bitcoin put on the balance sheet he's gonna improve the team hopefully fingers crossed the team continues to move up get the promotions and then eventually by the time that you get towards the top leagues you've got a war chest which helps you get better managers better facilities better players etc and it's all because of the bitcoin standard now peter you hold on one second keep

drive and don't crash joe when we think about these english football teams how big can this be if he's able to capture a global audience versus like one of the smaller teams that just has more of a local audience well if you can turn into a premier league club you make a lot of money relative to the 10th league for sure uh but it's obviously hard to do otherwise everyone would do it i think uh working your way up is obviously one sustainable model but these teams like peter I'm assuming there's not much of a global audience now, right? It's super centralized at Bedford. So if you have the ability to go out and reach all the Bitcoiners around the world,

that creates a lot of opportunities for you guys, right? Yeah, I mean, yeah. Look, in the first week or two weeks of doing this, we already got like 10,000 followers on Twitter, which is already more than the local rivals. I've had 50 people register to run international supporters clubs. I've got people from Ghana, Australia, all over the U.S., Turkey, New Zealand, people who are saying, we want to get behind this team. Let me register as a supporters club, stream the games for us.

We'll get people together to do this. So the thing is about this, the thing about it is we're in this unique position, Pock, in that we have this crazy army of Bitcoiners who get behind anything that's Bitcoin. So the examples, I'll give you two examples. Prior to Michael Saylor doing this Bitcoin thing, no one really knew who MicroStrategy was. No one really knew who Michael Saylor was. Now, every CEO in America knows who Michael Saylor is. Everyone knows their strategy.

El Salvador, before Bukele did what he did, nobody would be able to name the president of El Salvador and probably couldn't even point to him on a map. Now everyone knows who he is. This is exactly the same. We are the MicroStrategy. We are the El Salvador of sports. And my other question would be like,

I know these clubs are, they're entrenched within the communities, right? Like people care about it a lot. See, people are sensitive to it. What's the reaction been from people? Are they like super happy that this is happening? Are they upset? Did they think you're messing around?

Like what have people said to you? Everyone involved with the club that I'm buying loves it and gets behind it. They think it's great. Every one of our neighbors, well, not everyone, but our neighbors at Bedford Town, they're not happy.

a lot of people in football hate it because i'm trying to do things a little bit different right you know i'm naming them rail bedford like rail madrid just because i think it's funny and uh i've made the logo a skull just because you know i've got a skull on my hat i think skulls are cool like i'm just there's some there's an american tinge to the brand because i'm aware of where the audience is yeah there is a local audience but there is an international audience but i've been saying to these people look just think about this for a second this is a club that ran on 15 000 pounds i've already closed 500 000 pound sponsorship i'm probably going to do 1.5 million in revenue i can't spend that on the team but what i can do because there's nowhere spending

all that money you know the most i'll spend is maybe 100 grand so what can i do i can start a women's team i can start reserves team i can start youth teams and i can build up grassroots football in bedford yeah i can create economic opportunity and support grassroots football in bedford like Why would you hate this? Well, because you don't like our badge or because you think we've got an American audience. It's just bullshit. Like, it's also, yeah, I shouldn't swear.

But this is an opportunity to support my town and to create opportunity for the people who live here. So I really don't care if people get upset by it. John, what questions you got? Peter, so I was just curious about, like, when you came in and you were going on Bitcoin Standard, I'm the new owner. what was one people's responses and two if someone didn't want to do that are you still

giving them the option for um the pound or to get paid in whatever currency or is it like hey you have to get paid in bitcoin you can convert it if you want but you you are getting paid in bitcoin no that's a really good question like i am not forcing the bitcoin thing down to people's throat one of the interesting things that's come out of this is it's made me again aware of how big the jump is from hearing about bitcoin to understanding it because there's a lot of people who've basically lumped us in with the DAO people, the crypto bros, the NFT people. We're not that.

The Bitcoin standard is how I choose, it's the financial model I choose to run the club on. But nobody is forced to be paid in Bitcoin. Nobody is forced to accept Bitcoin. You don't have to pay in Bitcoin when you're in our club. That's all optional. We are a club that allows you to be paid or get paid in the pound or Bitcoin.

We're not forcing it down anyone's throat. The Bitcoin standard for us Is how we Manage our treasury And how we manage our finances And that's us So I got a couple questions

First Green Street The Green Street hooligans Is that really how it is? That's how it used to be I mean it still exists But they've They can't

I mean If you go to Tottenham West Ham game It'll kick off And But That's how it used to be That film's a bit shit If you want to see some

Hooligan films There's some better ones than that Which is the best one? ah what's that one called um hold on let me look it up all right while you're looking it up second question are the chairman allowed to drink at the games or do you have to stay sober you can drink all right id id is the one you want to watch id or football factories all right so i'm gonna go home and watch that tonight third question for you is can you recruit players from outside of Bedford or when you're in the lower levels can you only get people from inside of uh the town

no you get them from anywhere all right and then is this like uh recruiting kind of like college football here in America where they like you go and you visit them at their home and you try to convince them to come play for you and they can pick from any team or is it pretty much like people come and try out and then you just pick the best ones a bit of both but basically you you the managers usually know the players you want so you just you have to you have to do something called a seven-day approach where you write to them say who you want to speak to and and then you just have to make them an offer but um but no it's not like what tends to happen in uk football when you think of the higher leagues is the players start playing in the youth setup so it might be at 10

12 years old and they work their way through the academies some eventually make it to the first team others get let go and go down the leagues all right perfect that's exactly the answer i wanted to hear i have a proposition for you can i be head recruiter like i'll facetime the people and be like, listen, you really got to go play for real Bedford so that when you get to the EPL, I can say that it's because of me? No. All right. Walk us through the merchandise strategy in terms of,

you guys have this merchandise coming out in January, I think it is. What is so special about doing it for you guys, given how the team may have done it previously or other teams at the level 10? So, I mean, our team doesn't really sell merch because they're just, they're so small. But even next door, Bedford Town, you know, they do really well but then they'll maybe sell 300 shirts a season i mean you think of these

bitcoiners i'll be surprised if i sell less than 3 000 and yeah if i can sell 10 000 every 10 000 shirts i sell i make about 300 000 pound profit then on top of that you've got t-shirts you've got flags you've got mugs so i would hope i would hope i could do half a million in revenue to the bitcoiners that might be ambitious but that's the target but you know if you take sponsorships if you take memberships you take live streaming you take shirt sales you know that could support the club in these early days while we don't really have gate receipts you know well we've only got maybe 50 people coming to a game but as we go through the leagues you might 50 might become 500 might become a thousand and then you can rely on the match day revenues as well

how much are the t-shirts going to be sold for so uh i think that the jerseys they're like what you call the jerseys we call the shirt i think it's going to be somewhere between 50 and 60 pound unless you live in bedford if you live in bedford we're gonna do it like 30 pounds 35 pounds all right so 50 or 60 pounds how much is that in u.s that's 70 80 70 or 80 dollars jesus christ all right i'll make you a deal i was gonna buy a lot more but you you got uh expensive prices over there i'll buy uh what did he say 80 i'll buy whatever a thousand dollars worth of jerseys are whatever i'm not a public mathematician uh a thousand dollars worth i'll buy them you ship them to me and then we'll give them to the guests when they come into the studio we'll give them

each one under the condition that they tweet out and they say i'm only a real bedford fc fan because pomp made me whatever man can we get shit in one of course well i mean he he sits and hangs out in puerto rico the guy looks like he's uh uh still in his 30s he's got a tan slicked back hair he obviously needs a jersey man let's do it as long as you got to wear one on this show as well of course easy done peter so going to using bitcoin as a like a unit of exchange in a unit of account how do you think about if you would ever price something in the merchandise store in sats for example to let people pay in that unit look we'll let people pay in uh whatever currency they want whether it's uh dollars pounds or bitcoin we've got no shit coins but

any of those but everything will be priced in fiat like the pound is our unit of account running the business the uh but we will hold bitcoin in our treasury long term but you can't you can't use uh bitcoin as a unit of account at the moment you can't run a business like that not not something like this it's yeah it's too volatile but uh we will allow you know i'm talking to one of the payment processes now about uh managing all our bitcoin transactions for for our merchandise peter have you seen the show ted lasso of course man have you not seen my name on twitter no but is this what it's gonna be like are you hiring an american football coach no what about a college one no are you gonna is the manager in trouble like is he is his job on

a line here if he doesn't win i mean at the end of the season yeah i mean you know the remit every year is promotion and and every manager will given a be given a budget that should enable promotions if they don't get promotion yeah they're they're in trouble okay but this is not real life ted lasso just to confirm he's no it's not real life this is this is i mean this is serious for me and like we have a lot of fun as well but like this is serious for me like mike I live in a town of 174,000 people, Pomp, and there's two towns with Premier League teams who've got a smaller population than us.

And we have teams in the eighth and tenth tier. We should have at least a team in the fourth tier. And we've never had it. We've never had a football league club. So this is a big deal for me. I've been telling my dad since I was 14 I'm going to do this. And now suddenly I'm in a position to try it, which is amazing. But yeah, we're going to do this, man.

What did you do? So usually when a billionaire comes on the podcast, I ask him like, what'd you do the second that you found out you're a billionaire? And Mark Cuban told me he got naked and did a happy dance, put his clothes back on and went back to work. What did you do when you realized you were going to get the team? Oh God, that's a good question. I mean, if you listen to my podcast, you not only ask good questions.

I mean, I don't really use your show as inspiration for how to run a podcast. I don't know if you really do have the best question. I think you have the second best question. I think Lily has the best question how good is Lily she is good boy hold on answer my question

see this is this is you obfuscating you know what I don't remember what I did I don't I can't remember nothing special

I think the better question will be when we get promoted what did I do what will you do I'm just going to get really fucking drunk so when is the next chance

to get promoted let me tell you well so it's this season so I mean we are outside of the playoffs so i've given the managers a budget to try and get playoffs if we don't make it so be it like the way i think about it it's a bonus this we start next season in terms of like the manager has to get us promoted then i get us promoted this season you know we took we took over halfway through we haven't had a chance to sign players let me tell you something

that's super interesting though that's happened because of this the wait between games is painfully slow like all i'm thinking about i've never even had this with the teams i support all i'm thinking about right now is okay we've got a game on the third i want that now like i cannot think about anything else i'm working on this like 16 hours a day and when you're working on it for 16 hours a day what are you doing like are you spending time with the uh managers like what are you doing well i mean i fucking love you for those who are listening he just poured uh what appears to be red wine into a water drinking glass cup and is now sipping it go ahead

i um i've set up the website i'm registering people for the international supports club i'm working with the designers on the merch i'm trying to find a merch manufacturer i am you know liaising with the management on budgets i am working on legal i'm trying to appoint a financial director i'm winding people up on twitter like this a fucking endless list of things to get done like if i should i'd have to show you something i mean i can't tell you whole story in person one day, but there's just so much to do in running a football club. And you know, I want to breed this absolute culture of professionalism, like absolute professionalism for it, but I need to get a team around me, right? They don't have a team because I don't

have a budget. Yeah. But now that you have a budget, you can go ahead and you can actually execute. Yeah. And so I've got a financial director lined up. I've got a chief exec lined up. I've got a vice chair lined up. I've got an operations person lined up. Like I've got a team lined up um and we're going to run it like an absolutely slick professional operation because it needs to be a successful business you know to have the budgets to buy the best players to sign the best managers you need to have the budget and i want every season for the next six seasons i want to target a 20 higher budget than any team in our division the only thing that you didn't mention that you need in there is you need some american co-owners and i know three guys who you

might be able to convince to do that so uh send me the pitch deck get on my schedule and we'll talk dude we'll do it i mean i'll be back over in uh we're gonna be over uh beginning of feb i'll come and see you all right we'll talk yeah i don't want to wait till february because i don't want you to start winning games and think you guys are good i want you when you first buy them and being like oh man we got a lot of help yeah if you start winning games you think you're gonna get promoted then all of a sudden the price goes up i don't want that you know what i want to do is get a friendly against into miami what into miami the team oh yeah i got a better idea i saw someone in the chat say that we should set up like an exhibition match that's what a friendly is with

no with the el salvador national team dude i tweeted we should do it in miami we should bring el salvador's national team we should bring real bedford fc play it in miami don't call me a marketing genius but if that happens i want to do the opening kick i want to do like the ceremonial kick i'll be on midfield bukele yeah get on the horn me and bukele can do a shootout to see who's uh who gets to do the opening kick no i thought i tweeted at bukele i said let's i want to play i want bedford to go to el salvador and play in the uh el salvador national stadium against the south salvador team and we should call it the volcano cup that's great all right that's pretty that's pretty good that might be better than the miami thing

yeah the volcano cup you only wanted to be in miami because you're a lazy i mean if we're gonna go ahead and just pick destinations and i'm in charge like down the true we got a stadium like let's just go there yeah man well i i you know what i think this is a big thing for bitcoin like we make all these jokes i really think this is a good thing for bitcoin i think we can really communicate the benefits of you know sound money and why sports teams should consider the thing the thing is i don't i think it's different in the u.s u.s sports is set up a lot better structurally than uk sports in some ways or football so many of these teams are going bust, man. Darby County are trying to find a new owner. I think they've just been

deducted nine points. Reading have been deducted points. These clubs are always losing money and failing. We can actually create something here that's not built on debt, that's built on capital accumulation because we run a Bitcoin standard. By the time we've done this, give this four or five years, when we're kicking ass, we've got this growing treasury, everyone's going to be like, what happened here? How did this happen? We were like, we fucking told you. I told you this is what we were going to do i uh i think this is going to work i hate saying that with him here to listen but i actually think this is going to work and the key to the whole thing like the the balance sheet all that is uh is very powerful as we know but it's actually tapping into the global

audience when you tap into the global audience it's such a uh uh it's such an advantage because also what it does is it helps like players care about money obviously right so if you have more money to pay them than they're interested but but there's something about like basically if you come play for our team and you're good, you're going to be famous globally. There's something powerful about using that as a way to recruit players. But Pomp, to do this, I need everyone else to help. I need your help. I need your brother's help. I need all the people in Bitcoin to get behind this and help this because I can't do it on my own. If the Bitcoiners get behind this like they've got behind El Salvador and got behind MicroStrategy, we will crush this. So somehow

i've got to find a way of keeping this interesting for you know not just a year for like 10 years people have got to get behind this and keep supporting this but i think i can do it i think i think the bitcoiners would love to get behind like a team from the bottom i'll tell you another interesting thing joe joe appreciate this a lot of people have said to me why didn't you just go and buy uh like a already established you know championship club yada yada and if you want to raise 50 million i think the thing is you couldn't mold that you couldn't mold that this is something we can mold into like the image of what we want to represent so i think i think we can do this i think this will work all right do you know the story of deon sanders here in uh in the u.s do

you know who that is no tell me so deon sanders is by far the best cornerback of all time maybe one of the greatest athletes of all time guy's a legend what did he i think he played uh was it the super bowl and also in a baseball game yeah yeah he played in the world series and a regular it was a regular regular he played he played in a uh world series baseball game and a regular season nfl game in the same day right the guy's a legend and uh he yeah like like literally a legend right and he did it with flair right he had gold chains he's the guy who said uh what'd he say uh if you look good you uh feel good if you feel good you play good if you play good you get paid good So like that gives you a sense for who he is. Uh, he recently took over as the head coach

of Jackson state, which is a, uh, HBCU, uh, kind of lesser known school in the grand scheme of college football in the United States. And they're able to recruit players, but nowhere near the top high school athletes, top high school athletes go to Alabama or Florida, uh, Florida state, texas etc and he was able to convince i think it's the number one or number two player in the entire country to come play at his school rather than go to florida state where he was uh committed and part of it was simply just if you want to be great going to play for deon sanders is probably a pretty good idea and doesn't matter what school he's at but he's also made the the team cool he's got you know a bunch of content being produced around he's he's selling out stadiums and doing

all this stuff. And it gives me the same exact vibes of what you're doing, which is when you take over and you kind of breathe life or energy into a team and you make it this like magnet for a talent, whether it's a kind of in the front office or on the field, then naturally more and more people want to do it. But I think the key thing you got to do is you got to get one of the top players in the world to come play. Even if it's lower, if you can get one person where the whole football world's like wait what that player went to bedford i think that that accelerates you like five years because it's just the notoriety of doing it well that's that yeah but that's why i think i want to that's why i want to raise 50 million um for the exact same reason because

people go wait what they're in they're in the 10th tier you know ryan reynolds just bought rexham and he's injected two million into their club they're an established known club and that seem like a big investment you know i want to turn around to ryan reynolds and laugh and go mate that's an investment for ants we've just raised 50 million people won't understand it they will not understand what's happening why we're doing it would you mean you've raised 50 million what do you mean you put it into bitcoin just be like you just wait and see come see me so part of what uh ryan reynolds is doing is they're going to go out and they're going to sell the doc like a right like media rights to it right where they're going to do a documentary and

all this stuff would you do something like that or no no i want to do something like that i mean the shit i could tell you that's happening this last week alone it's hilarious well you got a drink i got some water let's have you what what are we waiting for you know what this this stuff i can't talk about i'll tell you another time when we're in person but like i wish we'd have cameras to film it because but the other thing about it is like ryan reynolds thing is like it's really transparent it's like an american guy pretending he cares about this team injecting two million which is probably he probably got from netflix to go and do it you know it's like so transparent and i think people are over that a lot of that stuff i think

people want authenticity it's why your show crushes that's why my show crushes more is that people want authenticity and with this i am from bedford like this is i've lived here my whole life it is a shit town in england and i can do something good for it i think we can tell a much more interesting authentic story about this so yeah i'd love to i've got a director we've spoken about it and we're thinking about starting filming from you know third of january and seeing what we can correct but i think there's a definite story in this joe what do you put the odds on that he could do this don't be don't don't don't uh to the premier league yeah don't be nice to him because he's here what do you think the odds are that he can go from level 10 to level one uh it's i mean

if someone was making real odds it would be minuscule they're like one out of a hundred more way way way way one out of a million it's really like people don't understand it's really really hard like a lot of people would do this if it was easy right so it's obviously difficult but i will say his approach is obviously uh is obviously different in the same regard right no one has done it from a bitcoin standard perspective no one has had the global appeal for a small club no one has been able to increase the budget like this very quickly over a certain number of years so i think like peter i imagine you're pretty confident that you'll be able to get a few tiers higher within the first few years and then it's all about like what can you do

from there right once you get within those you know second third fourth leagues like what happens right anything can happen yeah we've got this one advantage that's a massive advantage any of these local teams their catchment error of of of generating revenue is you know five ten miles from where their stadium is it's like who lives locally is going to come to a game buy a burger and buy a share and maybe which local companies are going to sponsor them and that's why like you know bedford town who are two tiers above us i think their entire revenue uh and bear in mind they get six seven hundred people a game it's probably like 150 000 a year like i've sold a half a million sponsorships in a week alone right so we have this massive advantage in that there's

this army like i said before an army of bitcoin is worldwide who will get behind this they will want this to work okay and that means we've got this army of bitcoin companies who incentivize for this to work so we've got this one thing that nobody else can do we've got this audience who are absolutely programmed into our story and want to become part of it and support it hence why you know we've got thousands of people already following twitter why we've got you know all these people want to set up these international supporters club if we can make the story work and keep telling it then i absolutely think we've got a chance of doing this and no one will understand it no one will get it when it happens i uh uh it would be one of the greatest sports

stories of all time i feel like if what's he saying he went on mute what do you say it'll be the best it'll be the best yeah it would be the best sports story of all time if you were able to take a club from the 10th league to the first league i think he could do this i have no doubt that this is going to happen what is today's date today is december 28 2021 and just for the record pomp believes as me i believe that my idiotic friend peter mccormick who i love dearly is literally going to take a team from his hometown and bring it to the english premier league and when he does it i hope that he literally goes on twitter and just posts nine million laughing emoji faces and says haters you lost

like that's my that's my dream for you man is because i'm assuming if this happens is it only one promotion per year so like to get there it's going to take a decade it's well nine it's nine promotions so uh but like i mean i i said i think can you jump multiple levels at one time no no no no no it's one a year and it's you you've got to stick to hierarchy that the quickest you could do it would be nine seasons if you did that no one would understand it Like a billionaire could do, I put it this way, a billionaire could do this. If you were a billionaire, you could do this.

You could every year buy the team that gets you up. And maybe one year you'll have an off year, or two years you'll have an off year. But you will eventually get there if you have enough money. So just go rally the Bitcoin. And the other good thing about this is as time goes on, all the Bitcoiners get richer. They're going to become even more wealthy

and have more money to put into this. That was Peter's way of telling us he's a billionaire. It's all right. It's okay. We don't hate all billionaires, just the Fiat ones. I don't even hate the Fiat ones. I love all billionaires. Tell me how you did it. All right. Where can we send people to either follow you guys online? Like what would be the most valuable thing people can do right now to help you guys just like follow us go to the website dot com go to twitter which is forward slash rail

bedford instagram forward slash rail bedford just get behind it support it keep following keep supporting this that's what you can do man and listen let me come on your show a few months until you uh give you an update all right hold on we got two more questions go back here let's go to twitter no nfts no down no fan token bitcoin stand why do you have that in the twitter account peter yeah i'll tell you why i've got that because there are these crypto brokers who are talking about buying yeah a lot of sports stuff yeah ftx is sponsoring a stadium crypto.com is sporting a stadium and a lot of it is like crypto bro some people try to england called bradford and they were talking

about nfts all this stuff and i i it's not to me a sustainable model and it's short-term interest this is me as a bedfordian loving bedford wanting to do this for bedford so this is me saying like this isn't about selling nfts to make this work or selling fan tokens to make this work we haven't got to sell shit to anyone we've got to run a commercially viable business which operates on a big which we choose to operate on a bitcoin standard i really want to separate myself from all the crypto bros and all that crypto bullshit and because there's a lot of doubt that comes with that there's a lot of people who just think this is like a scam or way to enrich yourselves and it isn't i'm not going to make a penny from this i don't need to make a

penny from it so they need to be paid we operate on a bitcoin standard so we have a healthy treasury because we're operating on a low time preference we are not selling nfts of players we're not doing a fanto girl any of that bollocks it's not us all right then my last question what do your kids think about this do they think you're crazy but my son this is so sweet so christmas he didn't know what to get me and i've been telling my kids like as long as as long as they can remember i've been telling them one day i'm gonna buy a bed for them i'm gonna do this and he got me this he got me a mouse mat how cute is this boyhood dream of a home oh that's sick boyhood dream of a hometown town club to the premier league that's awesome and you get to see that every day yeah i put it

above my desk when i'm working and thinking how i'm gonna crush you damn you're telling me that your kids believe in this more than you believe in this oh they believe in the same they say my daughter has been to every game with me she doesn't give a shit about football she's into it your son he's not into it no he was there for today i'm joking all right everyone please go follow them on twitter go follow actually don't follow peter on twitter follow the team on twitter and then also the website let's make sure that we get people over the website as well and when you get there right now they don't have the merch available yet i'm gonna buy a thousand dollars worth of the jerseys we'll have them here in the studio we'll give them out to people

uh and then you should go buy the merch as well once uh that's available when is that going to be available january hopefully in january all right easy january you two geniuses have anything else to say i got one billionaire owner of real bedford fc what what is the season timeline wise in the year but the season don't run still about may then we have off season and then we start again about august all right may might be tough but august sounds like i should come out there for a game we should come out for a game first game next season why why is may tough no we'll do august first game next season well no if we get to the final come out for the playoff final and if not come to the first game the next season if you get to the final i'll show up i'll fly

people there how many people come to the game right now um depends anything from 20 to 80 oh we could we could get those numbers up we'll get them on i'll bring my 17 i'll bring my 17 i'll bring my 17 brothers and we'll double the audience it's perfect we'll be ready to go thanks thanks for having me on this and thanks joe what's the other one's name uh john you're the only i'm not coming to the game no more peter we were saying when you dropped off you're the only person that we've ever had on this show that showed up drinking pina coladas with no internet and the sun shining behind

their head we couldn't see the first time now you're showing up and driving in the dark in your car with your daughter holding your phone so maybe next time we're gonna work we're gonna get you like a real podcast studio we're gonna get you a microphone we're gonna get you all hooked up with all the goods so that when you do these

you know if you're gonna be a billionaire owner of Real Bedford FC then we need you to look like a billionaire owner of a football ball team oh i want to look like a degenerate i can't wait for this to work this is going to be amazing all right buddy thank you so much for coming i love you guys man later thanks peter