Latest news with #AlexisOhanian
BBC News
a day ago
- Business
- BBC News
Everton sell women's team to parent company
Everton have sold their women's team to the parent company which owns the club - a move that will improve their compliance with the Premier League's profitability and sustainability rules (PSR).The team has been purchased by Roundhouse Capital Holdings, which is owned and controlled by American businessman Dan Friedkin Group completed its takeover of Everton in December move allows the women's team to act as a standalone entity and attract minority investment. The men's team, meanwhile, benefits from the sale being recorded as revenue in the club's accounts, which positively impacts their PSR position. Under PSR, clubs cannot exceed £105m losses over a three-year period. Everton were deducted points in 2021-22 and again in 2022-23 for breaching the rules. No figures have been released regarding the value of the sale. Everton are the third Premier League club to sell their women's team to navigate the Premier League's financial sold their women's team to parent company BlueCo for nearly £200m in June 2024. Subsequently, the team attracted the attention of Reddit founder Alexis Ohanian, who purchased an 8-10% minority stake in Villa sold its women's team to holding company V Sports in 2024-25, Everton finished eighth in the Women's Super League, reached the fifth round of the Women's FA Cup, and exited in the group stage of the Women's League Cup. 'An opportunity for more money to come into the women's team' Everton have transferred ownership of the women's team to a separate part of the Friedkin Group empire, which is still under the broad control of Everton. It's a sideways an investment opportunity. We've seen the fantastic success of the Lionesses. We're seeing, especially in the United States, a huge interest in the women's game. Therefore, you can now sell part of the women's team and keep control of the men's. It's setting up the business to perhaps be more profitable going within the rules. We saw similar take place with Chelsea and Aston Villa. The women's team at Everton has control of Goodison Park, so that would make it an attractive all-in is positive news because it means there is the opportunity for more money to come into the women's team from a minority investor. There wasn't enough attention given to the women's team under the old ownership you get the surroundings right, if you get the pricing right, you can attract a new type of fanbase and a different demographic. You can go to sponsors and partners and say, "we are the women's team, we are different from the men's team, and you can benefit from that."There are huge opportunities here and there's a feel-good factor following the Euros final on Sunday and I think it's the right time to capitalise on that.
CBS News
17-07-2025
- Business
- CBS News
Alexis Ohanian and Tara Davis-Woodhall team up to spotlight women's track and field events at Athlos in NYC
Reddit co-founder Alexis Ohanian said his wife, tennis champion Serena Williams, initially tried to talk him out of investing in women's sports due to her own difficult experiences in the field. "When I said I wanted to start a team, angel city, she talked me out of it, because of her experience in women's sports had given her the perspective to say, look, this is going to be so hard. She has had to go through all of this and survived, and thrive," Ohanian said during an appearance on "CBS Mornings." Despite Williams' warnings, Ohanian proceeded with his women's sports ventures, including Athlos, a women's-only track and field competition that will debut its first field event in New York City's Times Square in October. "I am stubborn. These athletes in track and field captivate us, they should not disappear for the four years in between," Ohanian said. The venture capital firm founder announced the expansion alongside Olympic gold medalist Tara Davis-Woodhall, who will compete in the long jump event. Davis-Woodhall said she reached out to Ohanian after the initial Athlos announcement focused primarily on track events. "It is always looked at last, on the back burner, but field events are so important for track and field," Davis-Woodhall said. "When no sprinting is going on, it is almost quiet but then you realize there is field that is happening." The event will take place the night before the main Athlos competition. Ohanian compared the long jump distance to a basketball three-point line, noting the athletic feat of "running and jumping that same distance with their body." Ohanian credited his marriage to Williams, whom he called "the greatest ever," with opening his eyes to the potential of women's sports investments. "I have found something in women's sports that is undeniably the result of seeing the greatest ever doing it. Women's tennis is the prime example of women's sports being worth as much in dollars, not feelings, the equivalent," he said. Davis-Woodhall, who has been competing in long jump since age 4, said working with Ohanian is helping bring her dreams to reality. "I have been doing this sport since I was 4 years old at an elite level and to now bring eyes to the sport, awareness, I never knew what that meant until I got a little bit older and a little bit more mature, and working with Alexis, he is helping me bring my dreams towards reality," she said.
Rhyl Journal
15-07-2025
- Entertainment
- Rhyl Journal
Keely Hodgkinson to compete at Alexis Ohanian's Athlos NYC meet in October
Athlos, a project backed by Reddit co-founder Alexis Ohanian's venture capital firm Seven Seven Six, premiered at Icahn Stadium last September and returns to the same venue on October 10, just under three weeks after the World Athletics Championships wrap up in Tokyo. Hodgkinson has been recovering from a hamstring issue, and recently withdrew from Saturday's London Diamond League meet – the second delayed start to her season – but her team said the 23-year-old still aims to arrive in Japan in 'peak form'. Olympic gold medalist. BBC Sports Personality of the Year. 800M legend. THE @keelyhodgkinson is landing at ATHLOS NYC. Great Britain's track queen is coming to fight for her crown 👑 — ATHLOS (@athlos) July 15, 2025 'Athlos NYC represents everything I love about our sport: unity, passion, and the pursuit of greatness,' Hodgkinson said. 'I can't wait to line up alongside some of the best in the world to cap off the season.' Athlos' inaugural edition paid out more than USD 600,000 – the largest-ever purse for a women's track event – with winners taking home USD 60,000 (£44,603), and also featured a give-back initiative in which 10 per cent of ticketing, commercial sponsorship and broadcast revenues were re-distributed to participating athletes. Last year's event had a purposeful festival feel, featuring a performance from rapper and songwriter Megan Thee Stallion. Unlike the track-only inaugural competition, Athlos' second iteration will also include a field event, long jump, headlined by American Olympic champion Tara Davis-Woodhall. British 400m record holder Amber Anning, who collected a pair of relay bronzes at the Paris 2024 Olympics and the individual world 400m indoors title in March, has also signed up. The Track & Field Experience levels up again on October 10th in NYC. Y'all ready for @athlos ?? — Alexis Ohanian 🗽 (@alexisohanian) June 16, 2025 In 2026, Athlos plans to shift from an individual-centred event to a team-based league format. Ohanian, who is married to 23-time tennis grand slam singles champion Serena Williams, announced in May that he had bought a stake in Women's Super League side Chelsea – reportedly 10 per cent and worth around £20million. He has also joined the board of the club, telling the BBC he thinks Chelsea's 'queens of global soccer' could become a 'billion-dollar franchise'. He wrote on X: 'I've bet big on women's sports before – and I'm doing it again.'
North Wales Chronicle
15-07-2025
- Entertainment
- North Wales Chronicle
Keely Hodgkinson to compete at Alexis Ohanian's Athlos NYC meet in October
Athlos, a project backed by Reddit co-founder Alexis Ohanian's venture capital firm Seven Seven Six, premiered at Icahn Stadium last September and returns to the same venue on October 10, just under three weeks after the World Athletics Championships wrap up in Tokyo. Hodgkinson has been recovering from a hamstring issue, and recently withdrew from Saturday's London Diamond League meet – the second delayed start to her season – but her team said the 23-year-old still aims to arrive in Japan in 'peak form'. Olympic gold medalist. BBC Sports Personality of the Year. 800M legend. THE @keelyhodgkinson is landing at ATHLOS NYC. Great Britain's track queen is coming to fight for her crown 👑 — ATHLOS (@athlos) July 15, 2025 'Athlos NYC represents everything I love about our sport: unity, passion, and the pursuit of greatness,' Hodgkinson said. 'I can't wait to line up alongside some of the best in the world to cap off the season.' Athlos' inaugural edition paid out more than USD 600,000 – the largest-ever purse for a women's track event – with winners taking home USD 60,000 (£44,603), and also featured a give-back initiative in which 10 per cent of ticketing, commercial sponsorship and broadcast revenues were re-distributed to participating athletes. Last year's event had a purposeful festival feel, featuring a performance from rapper and songwriter Megan Thee Stallion. Unlike the track-only inaugural competition, Athlos' second iteration will also include a field event, long jump, headlined by American Olympic champion Tara Davis-Woodhall. British 400m record holder Amber Anning, who collected a pair of relay bronzes at the Paris 2024 Olympics and the individual world 400m indoors title in March, has also signed up. The Track & Field Experience levels up again on October 10th in NYC. Y'all ready for @athlos ?? — Alexis Ohanian 🗽 (@alexisohanian) June 16, 2025 In 2026, Athlos plans to shift from an individual-centred event to a team-based league format. Ohanian, who is married to 23-time tennis grand slam singles champion Serena Williams, announced in May that he had bought a stake in Women's Super League side Chelsea – reportedly 10 per cent and worth around £20million. He has also joined the board of the club, telling the BBC he thinks Chelsea's 'queens of global soccer' could become a 'billion-dollar franchise'. He wrote on X: 'I've bet big on women's sports before – and I'm doing it again.'
South Wales Guardian
15-07-2025
- Entertainment
- South Wales Guardian
Keely Hodgkinson to compete at Alexis Ohanian's Athlos NYC meet in October
Athlos, a project backed by Reddit co-founder Alexis Ohanian's venture capital firm Seven Seven Six, premiered at Icahn Stadium last September and returns to the same venue on October 10, just under three weeks after the World Athletics Championships wrap up in Tokyo. Hodgkinson has been recovering from a hamstring issue, and recently withdrew from Saturday's London Diamond League meet – the second delayed start to her season – but her team said the 23-year-old still aims to arrive in Japan in 'peak form'. Olympic gold medalist. BBC Sports Personality of the Year. 800M legend. THE @keelyhodgkinson is landing at ATHLOS NYC. Great Britain's track queen is coming to fight for her crown 👑 — ATHLOS (@athlos) July 15, 2025 'Athlos NYC represents everything I love about our sport: unity, passion, and the pursuit of greatness,' Hodgkinson said. 'I can't wait to line up alongside some of the best in the world to cap off the season.' Athlos' inaugural edition paid out more than USD 600,000 – the largest-ever purse for a women's track event – with winners taking home USD 60,000 (£44,603), and also featured a give-back initiative in which 10 per cent of ticketing, commercial sponsorship and broadcast revenues were re-distributed to participating athletes. Last year's event had a purposeful festival feel, featuring a performance from rapper and songwriter Megan Thee Stallion. Unlike the track-only inaugural competition, Athlos' second iteration will also include a field event, long jump, headlined by American Olympic champion Tara Davis-Woodhall. British 400m record holder Amber Anning, who collected a pair of relay bronzes at the Paris 2024 Olympics and the individual world 400m indoors title in March, has also signed up. The Track & Field Experience levels up again on October 10th in NYC. Y'all ready for @athlos ?? — Alexis Ohanian 🗽 (@alexisohanian) June 16, 2025 In 2026, Athlos plans to shift from an individual-centred event to a team-based league format. Ohanian, who is married to 23-time tennis grand slam singles champion Serena Williams, announced in May that he had bought a stake in Women's Super League side Chelsea – reportedly 10 per cent and worth around £20million. He has also joined the board of the club, telling the BBC he thinks Chelsea's 'queens of global soccer' could become a 'billion-dollar franchise'. He wrote on X: 'I've bet big on women's sports before – and I'm doing it again.'
