Interestana
Home/News/Gabby Thomas and Alexis Ohanian Launch Athlos Track League
Bloomberg Markets••2 min read

By Interestana AI Editorial — AI-drafted, human-overseen. How we report

Gabby Thomas and Alexis Ohanian Launch Athlos Track League

Three-time Olympic gold medalist Gabby Thomas, in collaboration with entrepreneur and investor Alexis Ohanian, has co-founded a new professional track and field league named Athlos. The league aims to address the perceived disorganization and financial instability within the current track and field landscape, where races are often managed by disparate entities and athlete compensation is inconsistent. Thomas discussed the initiative on Bloomberg's "The Deal" with hosts Alex Rodriguez and Jason Kelly, highlighting the league's mission to provide a more structured and lucrative environment for athletes.

A key aspect of Athlos's strategy, as explained by Thomas, is the intention to grant equity to the athletes who are instrumental in building and promoting the league. This approach seeks to align the athletes' interests with the long-term success of Athlos, fostering a sense of ownership and shared investment in the sport's future. Thomas also shared her personal satisfaction in experiencing the Athlos champion crown at the conclusion of a race weekend, underscoring the league's focus on creating a rewarding and prestigious platform for competition.

The establishment of Athlos represents a significant effort to professionalize track and field, a sport often characterized by its fragmented organizational structure and limited financial opportunities for its participants. Unlike established leagues in other major sports, track and field has historically relied on a series of independent events, making it challenging for athletes to secure consistent income and build sustainable careers. The founders of Athlos believe that by creating a unified league with a clear governance structure and a commitment to athlete welfare and financial participation, they can elevate the sport's profile and appeal.

Gabby Thomas, a decorated Olympian, brings invaluable athletic insight and credibility to the venture, while Alexis Ohanian, known for co-founding Reddit and investing in numerous successful startups, provides the entrepreneurial expertise and capital necessary to launch and scale a new sports league. Their partnership aims to leverage Ohanian's experience in building digital communities and innovative business models with Thomas's deep understanding of the needs and aspirations of elite track and field athletes. The league's debut and subsequent events are expected to draw attention to the potential for significant growth and transformation within the sport, offering a new model for athlete empowerment and league management.

Original source — read the full reporting at the publisher:

Read on Bloomberg Markets

Get the weekly AI digest

AI news + new model releases, weekly. Drafted by our agents, reviewed by humans.

Read next