YouSaid · the spoken record

Peter McCormack

lines on the record: 81
first: 2024-04-24
most recent: 2024-04-24
sittings or episodes: 1
sources: podcast

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“No, just the football club promote that and just appreciate you and thank you again. And we'll see you before then, but I'll definitely see you in bed for next April.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Tattoo in your neck, and I can't remember who you were talking to, but you had this big grin. I was like, and then I looked around and everyone was grinning. I was like, people are having a good time. They're going to come back.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I'm grateful for coming on your show. You know I love your show. And just appreciate you coming out. I knew you were having a good time. I could see it. There was a moment in the football. I was from a distance. I saw you with your Bitcoin.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Because it's real community. And so be that. You've got Emma, her son, Sebastian's there. He always helps. This mark is a local Bitcoiner. He comes to every game and sells the merch for us. Jim behind the bar, Karen behind the bar. Everyone is so invested in this personally and emotionally. And people just want to help and people. That's the thing.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I'll take the phone call, I'll explain to him. They won't be able to do exactly what we're doing. They're not going to get Gemini as a front of shirt sponsor and Galaxy as a sponsor and ledger. Those things aren't going to happen. They're not going to have Bitcoiners fly from all around the world to their ground. There are four other Bitcoin clubs now. I've spoken to all of them and they've asked for advice. And the truth is whilst they're Bitcoin clubs, we are the Bitcoin club. And so they can use the benefit power of Bitcoin, but they're not going to get the community thing that I've managed to get. It's just because I went first. But if any club says, and I'll be saying to them, you need to get investment. You need to be able to build a sustainable model. And if you have capital left over, you need to put in Bitcoin and forget about it. You need to be thinking about 10 years from now, not a year from now. Because that's what I'm thinking about, Preston. I'm thinking about if we get in the football league and we need a 50 million pound stadium and we want to have a go at the Premier League and that's a 30 million pound wage bill.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I've said to everyone here it is. Here's the playball. Here's the playbook. If somebody phoned me up for another comment and said, listen, I want to do what you're doing.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They probably don't exist treasuries. Most clubs will limp through to the end of the season. And I know some clubs won't be able to pay the wages and will lose players. Football is very much hand to mouth for a lot of clubs. There are outlaw examples. There's a club called Farnham, very good club run by a guy called Harry Hugo. They're similar to us. They're trying to do something different. He's investing. But most clubs lose money or break even. A very few clubs actually make money. Plymouth are a great example outside of the Premier League. And a lot of the top Premier League clubs do. Most clubs are losing money and limping food to the end of the season. We're finishing the end of this season. Forget the Winklevoss investment. We've still, I think, got four and a half Bitcoin. I mean, that's in English pounds. That's £225,000 just sat there that we can use at some point, but itself might be £600,000 next year. We've still got, I think, about 60,000 pound in the bank. We are a comfortable club that's expensive to run because we're a good business and we use Bitcoin. And I've given it all out there.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Going to melt their brains. If you look at what else we're kind of the grassroots English football version of El Salvador and Micro Strategy. Everybody laughed at Boukeley. The press were writing articles saying he's squandering their treasury. He's squandering the country's finances. He's wasting it on this Bitcoin thing. Michael Saylor, there was a time, I think his investment was down about a billion and people were laughing him and mocking at him. Look where we are now. Michael Saylor was right. Bukeley was right. I know I'm right. He's going to take that cycle when people say, oh, ask us about the four and a half million dollar investment. I'm like, oh, do you mean the $20 million investment? They're like, well, I said, yeah, I'm spending it. It's $20 million now. And then somebody's been $40 million. And then other big clubs, big clubs up in the football league who are in debt and struggling are going to look at us and go.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. And so they're making jokes. And it's like this thing here will help you. So we've got this advantage over other football clubs because we're ahead of them with this. They'll all eventually get there. And I hope it's sooner rather than later.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“He's right in front of you is this thing which can solve so many problems for you and you don't understand it. You don't take it seriously. I'm sure if I turn around you and say, you know, how's your cost of living gun? What's happened with your groceries? What's happened with the price of fuel? You feeling the squeezes. Have your interest rates come up in your mortgage? If you've got less disposable income each month, they're going to say yes to all of those. And I'm going, okay, well, I sure did.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Every football club will have Bitcoin eventually. And this is another funny thing, Preston, because a lot of people laugh at us and make jokes about us and make jokes about the Bitcoin thing. Like, I'll go to a club and they'll make jokes. We're not going to accept your Bitcoin. Or they call us the Bitcoin. They just make all these jokes about us who are Bitcoin. But I'm there thinking, huh, that means you don't understand it.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They're going to have to. They're going to have to. They'll have to come to the UK at some point for business, so we'll just time it.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Following, we've definitely got the better business model, and we've certainly got higher revenues. The only thing they may have us is crowds, but I think that's changing. Like I say, the trajectory of our crowds is up. Our crowd on the game when you were there was bigger than any crowd they've had this season. Their average is higher than us. Our average is like 250. Theirs is like 450, 500. But more people are going to come next year for us because of the Winklevoss announcement, because of what we're doing.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Will be a sellout, it will be fire, it will be noisy, the whole town will come out financially, it'll be great for both clubs because we can host 1500 and we will, they can host 3,000 and I would not be surprised if you get 3,000 there in the town out for that game. The rivalry is interesting because I think they've got a big problem. Everything we've been doing, we've been working on for two, two and a half years. building a brand, building a match day experience. And I don't think they realize the threats early on and they certainly do now. And so now they're trying to change things at their place, but their crowds are falling. Their fans and some of their fans are disgruntled. And the way I explained it, I think they're trying to turn around a tanker and catch up with a speedboat. And so at some point, we will get ahead of them. If they don't get promoted, I think we're the bigger club at that point. We certainly got the bigger.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Game, you don't turn up and the other team turns up, you can lose it. And so, look, interestingly, I want them to go up for two reasons. One, one main reason, I want to win the league next year. And if we're in the same division, that will be a distraction. That's all people will think about. We'll be competing on budgets. It will be a distraction. It'll be a psychological distraction. So if they go up, I don't have to think about that. I can focus and Rob can focus on winning that division. And then maybe we meet in the one above it. But the one above it, the level so much higher, it would be a great rivalry, but less of a distraction. So ultimately, I want them to go up. If they don't, I mean, it's going to be fire, Preston.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Should do. Look, if I was betting on it, I would say yes, but winning the league is going to be hard for them now. They could do it, but it's going to be hard. If not, they go into the playoffs. And the playoffs can be a lottery.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They have a chance for promotion in theirs. If they do, then they'll go up to one above. But if they don't, we'll be in the same division.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The current chairman, I didn't want any involvement for him. It had to be a clean break. You can be a fan, you can come along, but you'll have no involvement. And I think that was difficult for him. His dad used to be very much involved in the club, very respected man in the town. And look, ultimately, it wasn't right for him. So fine, that's not a problem. I think they were very surprised when we announced the buying of the next door neighbors. And rightly, we're a little bit worried. I also think they thought I was trolling them calling it Rail Bedford, which I wasn't, because I think they read it as Real Bedford. So they're not the real Bedford. But really, it was just more of a joke because it's a bit like Real Madrid, but from Bedford. So obviously nothing like them. So I thought that was kind of funny. But that's been a rivalry that's been bubbling. And this season's been bubbling a lot more because it's getting close to us being in the same division. We're confirmed to go up to theirs.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So I went and told them I made a very good offer, an offer that you don't get for a club like that, way more than they deserve. But because they were about to get promoted and go three divisions were higher, I basically offered what I thought the cost was for us to get there. It's half a million pounds. That's a lot of money for a club at that level. But I also said to them, look, this is the plan I want to do. I'm working on an investment with some very significant billionaires. I think I could take them to the football league. So we had a long conversation. They ultimately said no. I think for a couple of reasons, one, they were going into a higher division and I believed he thought he could do it himself. I don't think he fully understood the proposition, but then I don't think many people have. I think a lot of people thought it not a serious offer. But I think the bigger issues were is that I didn't want to change their name. They wouldn't have been Rail Biff, but they would have stayed as Biffordown. But I did want to change the colors.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Bought into the funeral of the club going around. I mean, did you meet Edgar Guy from Minneapolis who had the flag to Egggate. This is the second year he came. He runs a rail Bedford Supporters Club in Minneapolis. Gets 15 people together in a bar every game and watches the live stream.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They're co owners now. They don't want to be making decisions. They don't want to have to vote. They trust me. It's like, Pete, you get on with this. And yes, look, a football club, it kind of needs to be a dictatorship. Really kind of, and it is at the moment. I mean, As opinions I seek. But if we do this raise, yes, we would strip out voting rights. I think there's a lot of people who just want to be part of the project. It would be another way to stack more Bitcoin into our treasury. But ultimately, I think the big part of this is if it's a thousand people, 10,000 people buying tiny shares, that's a 10,000 person marketing department.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I get photos. So one guy was in a gym in London, sent me a photo. There's a guy working out in one of our shirts, in one of our jerseys, another guy at the World Cup. And so it started to get spotted around the world, which is the really surreal thing.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“By the way, we usually sell about one item a day on the club shop. We sometimes, like at the start of the season, we'll sell a bit more, but it's about one item a day. Since the announcement, we've been selling about 10 items a day.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“In terms of my preparation, and we're ready to go, I'm thinking about the season afterwards. If we get promoted, we end up in step three. And so I'm thinking, can we be hybrid that year? Because not many teams do it at that level. But if we are, if Rob is full-time, we've got full-time youth players and we've got young players full-time, that's going to give us such an advantage over everyone else. So how do I fund that? How do I finance? What's the infrastructure for that? And so there's all these things of a growing football club that you have to think about to try and get in place. And then to do that, you have to be sustainable. So, okay, if I want to have that full-time model, what does it cost me? Okay, well, it costs me that then I need to bring in this much revenue sponsorship, this much money in on merch sales, and this much money on a match day. So there's like these competing things of what you want to do, but being able to afford to do it sustainably. It takes up a lot of my time. Luckily, I have Danny on the podcast from the show.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Of first team experienced players who are maybe 25 to 35 years old who will only train twice a week on or maybe three times a week in the evenings. Because you've got to think if you're 30 years old, you're very, very good footballer, may have a job earning £60,000, $70,000 a year, and you're also bringing maybe £15,000 a year playing football, you're not going to earn that as a professional footballer playing at this level. And so what you tend to do, you tend to find a lot of players, they never reach their full potential because they're never going to play in those divisions because they're not going to risk the finances for their family. So they tend to stay around this level. I'm always working one season ahead. So Rob always says one game at a time. If I ask him about our cup final on Wednesday, he'll say, forget that, we've got a league game on Saturday. We'll talk about that afterwards. I'm the same with leagues. I think one year at a time. So all the work for Netflix.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Realistically, if we keep getting those promotions, we need a ground suitable for league football, which itself will be a 5 to 6 million pound investment. But we have to start that work now. We have to be ready for when we're ready to be able to have that ground ready. But there's another really big change that's going to come that's really important is going from part time to full-time. And so in the National League, the one below the four professional leagues where Wrexham where when Ryan Reynolds bought them, they will be full time. And then below that National North and South, you'll have a mix of teams which are full-time and hybrid. And so hybrid would be your manager will be full-time. And you maybe have a squad of 10 to 12 youngsters, younger players who are full-time. And then maybe some youth team players, teenagers. And then you'll have a core.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“On the food, so you may only make about a thousand pound profit with that. Whereas on the game you came where we had a thousand people there and we took £18,000 and we made take off our base costs and our cost of sales. We made over 10,000 pound that day. Now if you could do that every day, every game, you got 25 home games. That's £250,000 revenue just on a match day. That side of things is why sustainability is so important because even with the investment you can't just go and splash it on wages. You'll break the financial fair play rules and you'll lose points. But there's a couple of other things that have become really important to the club in terms of growing. As you go through the leagues, that is really important. But infrastructure is the big one. And there's two big things on my radar. One is our ground. So I've talked about our ground. We can sweat this asset up until probably three more promotions.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That's the financial fair play rules, which a number of teams have been docked points at the higher levels for Everton, Nottingham Forest have been docked points. And I think Man City are under investigation because they've bent the rules. It doesn't affect us at our level, but I don't think about it anyway because we're already sustainable based on our revenue model. This is why I focus so hard on the business. I was chatting to my son about this yesterday because he was asking, I said, look, there's a film you need to watch, Glengarry Glen Ross, where we talked about always be selling. I'm always selling everywhere I go, when people ask me about the club, I say, have you been to a game? Are you coming? There's a game on Tuesday. Come down. I'm recruiting one person at a time around Bedford because people through the door, every person who comes through the door on a match day means £12.50 for the club. And so when we get a crowd of 200, that's two and a half thousand pound. But you have base costs of a match day of paying the referees, putting”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Under Rob, he will become a better footballer. He will learn more. And so for him being our club is a great thing. And so I think it works both ways. But with such high profile now, people will want to come and play for us. At first, they didn't take us seriously. It was just this guy from Bedford, big loudmouth saying, I'm going to take this team to the Premier League. They seem back-to-back promotions, growing crowds, investment. They know we're the real deal now and people will want to play for us, Preston.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think mainly it's not just people wanting to play for them. He's got to find players that want to play and be professional in the way he is. So there are people he wants to find. But there are people out there who want to find him as well Yeah, because they want to play at higher levels of football. We've got so many good young talented players like Josh Setrell on the wing, Ben Stevens, Ben Stevens last year. He played for Kempston Rovers. I think he scored 12 goals. This season scored 40 in the number 10 position.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And so there are players out there who you consider maybe journeymen who are happy to pick up their wage. They're good players and naturally good players, but they don't care about going up too much further. Rob wants to find young, talented players who want to play at higher levels that will listen and develop and work with him, who will train twice a week, train hard, who won't drink, will focus on their fitness. So I think his secret was that, is convincing people that under him he will develop them and they'll become better players. I think we're in this fortunate position now that people want to come to us. People play for a team. You want to win leagues. I think you want to be more important”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Think that will change. That's something that's changing. I think originally his secret to recruitment is just telling people what his ambitions are and how he's going to approach training. Rob demands professionalism from everyone, even from me. He will pull me up if I'm not being professional for something. Absolute professionalism and commitment.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“She's like, is it the Ryan saw? I was like, I don't know, go and find out, or she'll phone me up and tell me a decision she's made. And I've said, you've made the decision. I can't change it. You don't even need to tell me this. For our football club to keep growing, it has to be able to run outside of me. I need to focus on growing the brand, focusing on the business, all these other things. Just get on with it. And I've learned this with this business more than any other business I've run because it is so unique that you just have to put people in a position of authority and trust them and say, get on with it. Let them make their own mistakes. And football accelerated that because it's such a weird business.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Emma will phone me up and she's like, I don't know what to do about this. What do you think I should do? And I'm like, I say this straight away. What do you think you should do? She's like, and she'll tell me. I was like, well, do that.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Get promoted fine. We'll carry on doing our job. We'll carry on growing this football team. Not going to get over emotional about it unless we win, of course. I know we'll go crazy. But secondly, absolute trust in everybody in their position. Absolute trust. It's like Emma. Emma was, I mean, Emma, how good is Emma?”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So I said, Rob won the league last year by nine points Still top of the league now. Irish have to win their games, and they've got a hard run. I'm not going to second Rob. I'm not going to guess his decisions. It is down to him. We're top of the league. Why are you questioning this? We can't win every game. And look at the games. Look, when we lost 11 stock, you know, fair play, they played well. When we drew a potten, we missed the last minute penalty and we dominated them. When we drew a biggle's way, they scored a last minute penalty. And so I think these football is a game of fine margins, but Rob is such a professional over the space of a season. We're going to come out the good side of these fine margins and we did. We won the league with the game to go. And I think that's one of the things about becoming a chairman. I think one of the things I learned very quickly, two things, actually, unfortunately a lot, but two things I learned, I've got to come to terms with that it's a weird business in that you can do everything right and then you can lose a game. And that affects a business. And so I've emotionally separated myself and I've become very stoic.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Is say, what budget do you need to challenge for the title? He tells me, and I go away and I do all the business side of things to make sure he has that budget. It's a very clear separation. I don't criticize it. It was interesting. So we had a run recently. We had a run of games where we lost to Levostock and we had three draws. And we went from a position of very clear, eight points clear at the top of league to being in a position where if MK Irish won their games in hand, they would have been five points clear. And so what happens at that point? People start coming to me and say, well, why is Rob doing this? Why is he picking that person? They're being backseat managers. And I said, I don't know. That's his decision. I trust him. We're talking about the leagues.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And I was told he's trying to play expansive, entertaining football and to dominate teams. And he was running a team called Ainesbury who didn't have a budget. And I went and looked at their results before he took over and after they took over and he changed the team around. But he did without a budget. And so when I met him, I immediately knew who was the guy for the job. He was so professional that he was ready with a presentation to explain his strategy, how we win the league. And I said to him, tell me what you need. And he told me what he needs in terms of budget and infrastructure. And I gave it to him. And he went and won the league in the first season. And then I said the same at the end of that season. What do you need to go and win the league? And he told me, we've just won the league again. I already knew, I already, we did the work early. I said, if we win this league, what do you need? He's told me. And so I've bought everything in place for next season. But in terms of player budgets, player selection, player recruitment, that's entirely him. I don't get involved in any of it at all. All I do.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Actually, bought the club. I had them for half a season under their old name, Bedford FC. And they were just below the playoffs. And I changed the manager straight away. And the new manager I came in, I gave a really good budget. I said, just get us in the playoffs. They recruited a bunch of players, well paid, very well paid players. We had one player in the team who's paid more than anyone's been paid since. But it didn't work. We didn't get in the playoffs. We weren't getting the results. And I realized this is a lot harder than I think. You can't just throw money at it. And so at the end of that season, when we became Rail Bedford, I knew I had to change the manager. I realized it is the manager that drives this. You can have a great manager and no budget and you won't go up. It'd be very hard. Or you can have a great budget and a terrible manager and you won't go up. You need a good budget and a manager knows how to spend it. So I was told by a couple of people to speak to this guy, Rob Sinclair. He was an ex-professional.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This comes down to the manager. I will get a lot of applaud it in the Bitcoin world for doing this. In the football world, a lot of the plaudits will go to the manager. And I think it's a job that both of us do together in that we have a very clear separation of roles and responsibilities. He's everything on the pitch, which means players, player selection, player acquisition, player performance. I don't interfere with that at all. The team is his team. And that's, and I'm okay with that. I'm everything off the pitch. I'm the brand. I'm the marketing. I'm the business side. And we talk all the time. We speak every day. I mean, we had a coffee this morning. We're meeting up at 5 o'clock today. We speak regularly. But I can talk to you in detail about the business side of it. But in terms of the players and the player acquisition, that's all the manager. What I can tell you is really interesting is how important they are. So when I”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Said, everyone was so nice. It's the nicest event that's ever been on, and I think I want to keep she's keeping all the Bitcoin she brought in. There was a local restaurant called Wagamummas. It's a chain of Japanese restaurants. They've emailed me and they said, our restaurant was full of people wearing Rail Bedford merchandise on the Saturday night and the atmosphere was great. So they've invited me in for dinner on Monday to go and talk to them about it. There was another one, the pizza place that did the pizzas outside. I had to settle my balance with them because we owe them for the VIP food. They've asked for us to pay them in Bitcoin. And so we've got this kind of gradual orange pilling of people in the town as well. La Tereza, the restaurant had their busiest night. So I think a lot of people in the town who maybe were skeptical started to realize, no, this is a really good thing for Bedford.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, firstly, the vegan restaurant next door. Vegan coffee shop. She had her busiest Friday ever, and she decided to keep all the Bitcoin. She said, you know, I'm going to keep the Bitcoin. I think this is the future”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I love that one. And I love Bitcoin magazines because it's so big and everyone goes, and I'll be in Nashville. But the ones which are just two, three days of panels, I've got zero interest because personally, I just want it more experiential now.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Just so much fun, and I think that's why people had such a good time because they're like, this is so different. And I think the conference scene will start becoming more experiential because there's a couple I've been invited to recently. It's three days of talk. So I'm like, I don't want to do this. I like Pacific because at Pacific, they do such a good job of the non-conference thing, the outside with the bar.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What was interesting is we did it last year as just a live podcast casually 150 people and took them to the football and then we realized the thing about the conferences nobody really wants to go to the second day they're all hung over if you've got the opening slot on the second day you've essentially got the ghost shift that no one wants to be at and so it's really difficult to get people interested in the second day but if the second day is a barbecue and beers and watching a game of football”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“A thousand pound of your VIP, but they said the cool thing was I would go to a bar and there would be Preston Pish or Jeff Booth and I could talk to them. And they were real in front of me. Because if you go to Bitcoin Miami previously or Nashville now, it's a huge event and it's hard to get that connection with people. I think we're going to make it slightly bigger. I think we're going to add a couple hundred more next year. And I think it will sell out. I think there was a lot of...”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Everybody braced it. And it was just really surreal and overwhelming because we do this job. We make these podcasts. We go to these events. We become a community of friends. But to have everyone come to my place, we are. It was really humbling. I was overwhelmed by a lot of it.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Funny thing is, you commented in a very British way, it was almost very British humor. And I was like, I was just looking at that picture going, Preston, you're not allowed to stamp on that grass.”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, they're the largest indoor structure in the UK. They built Gotham City in Bedford. There's so many films that have been shot there”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Expect the Green Bay Packers is the whole town going to watch the Green Bay Packers when they play. That's pretty much it. But I think with the Raiders, I think a large number of people go and watch the Raiders player, people who've come to Vegas for the weekend. And so I think Rail Bedford has an opportunity of being that kind of team whereby we have the people from the town going, but there's thousands, tens of thousands of people going to this theme park, they may also choose to come watch a Rail Biffer game over that weekend. So no, it's definitely on my mind. It is an incredible gift for the town of Bedford. It certainly puts us on the map. We have another place called Alton Towers, which is a huge theme park. There's no reason to go to Alton unless you're going to Alton Towers. But now we might have two reasons to come to Bedford, which is one, to go to the Universal Studios, or two, to go to Rail Bedford. There's another interesting fact. I don't know if I saw you and showed you, but when you came to our football ground, did you see the large aircraft airship hangars?”
2024-04-24 · We Study Billionaires · BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT