As one of the co-founders of Reddit, Alexis Ohanian has made a name for himself as a major spokesperson for various industries–particularly sports and women’s sports. Having already married one of the biggest names in the Tennis world, Serena Williams, Ohanian is no stranger to the world of sports.
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With a strong investment in the NWSL team, Angel City FC, Ohanian has been a huge advocate for providing exposure to women’s sports. The team is valued at $100 million, making it the most valuable team in the NWSL. In addition, he has also become an investor in many sports-related industries like GloriaFootball and Sorare.
In 2022, the 23-time Grand Slam champion’s husband made some interesting claims about the sports industry and NWSL.
Alexis Ohanian’s huge claim
Last year, Ohanian took to Twitter. to make a claim, while explaining his investment in the team. Ohanian said, “As I’ve said for years now, sports will be the last entertainment domain standing because it is the only one with a monopoly on attention and no social media alternative”. He also added, “I’m obvs biased but the NWSL would be the biggest upside right now“. Ohanian also believes, “Sports are still massively undervalued”.
Sports are still massively undervalued. Now you see why I've been putting millions into @weareangelcity @GloriaFootball @Sorare @OnlyAltOfficial @TryMetafy @withwagr (even when these were some of the most contentious investments at the time)
— AlexisOhanian7️⃣7️⃣6️⃣ (@alexisohanian) April 8, 2022
This claim is likely to be controversial. However, there is no denying that sports have a huge following all around the world. Reports say the sports industry is expected to grow at a rate of 18.6% between now and 2028. This growth is being driven by a number of factors, including the continued globalization of the industry and the rise of digital media.
Social media platforms like Facebook and Twitter have indeed changed the way we consume news and information. But when it comes to sports, no platform can match the live experience. With his extensive experience in the industry, Ohanian is well-placed to comment on the future of the sports industry.
Serena Williams and Ohanian’s investment in ACFC was ‘contentious ‘
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Serena Williams and Alexis Ohanian’s investment in Angel City FC was certainly one that raised a lot of eyebrows. There were many who believed that this investment was a bad idea and would never pay off. Ohanian once revealed that he used to receive a lot of hate comments from doubters.
Everyone gets fed differently, but it's important to stay motivated! You should see all the hate tweets I've saved from people 3 years ago who said I'd lose all my money investing in women's soccer. https://t.co/u2HKsGVodF
— AlexisOhanian7️⃣7️⃣6️⃣ (@alexisohanian) October 7, 2022
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But Ohanian stuck to the investment, and it has definitely paid off. Angel City FC is now worth $100 million and selling record tickets. It may have been a risky move at the time. But The investment has certainly paid off in a big way.
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