Reddit founder Alexis Ohanian to create a women-only track event

In a move to advance women’s track and field, Reddit founder Alexis Ohanian has announced the launch of a groundbreaking women-only track event called the 776 Invitational, set to take place this September. The invitational aims to become the flagship event for women’s track and field by offering the largest-ever purse for a women-only competition.

According to Sportico, the winner of each event will take home USD $60,000, surpassing the prize money for winning a Diamond League race ($10,000) and even Olympic gold in Paris ($50,000). Second and third place will also be rewarded with a $25,000 and $10,000 purse, respectively.

Ohanian isn’t going into this venture alone; he will partner with two-time Olympic medallist, Harvard graduate and American sprinter Gabby Thomas for the launch. “We believe in the power of sports to drive positive change and inspire future generations,” Ohanian said in a statement to Sportico. “By investing in women’s track, we aim to build a best-in-class event that elevates the profile of top women athletes and creates a more equitable sporting landscape.”

Thomas echoed Ohanian’s sentiments, stating, “Through this investment, we hope to not only provide athletes with the resources and visibility they need to have enduring careers but also to inspire fans worldwide with a reinvented format to experience the best of our sport.”

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While an exact date for the 776 Invitational has yet to be revealed, it comes amid a busy year in the track and field calendar, with the Paris Olympics less than 100 days away. The motivation for the 776 Invitational stems from the lack of attention track and field receives outside of the Olympics. Thomas recently voiced her dissatisfaction with visibility in the sport stemming from a new media deal between the Wanda Diamond League (track and field’s premier circuit) and American online broadcaster FloSports.

The 776 Invitational would offer the highest purse for any single-day track and field event. Winners of each of the 14 Diamond League meets are awarded USD $10,000, while athletes who win the annual Diamond League final are awarded $30,000.

Ohanian, husband of tennis legend Serena Williams, has long supported women’s sports. The announcement of the 776 Invitational marks the second significant move by Ohanian in support of women’s sports this week. On Monday, Ohanian and his foundation announced their investment in a women’s Portland sports bar to aid its national franchise expansion.