Athlos founder announces winners to earn league equity
Summary
Athlos announced that winners in this year's league will earn ownership shares in the league, called equity, along with competing for prize money. The total prize money is over $2.1 million across seven different sports events. Alexis Ohanian, the founder of Athlos, explained how this new approach works and why it matters for professional sports.Key Facts
- Athlos is holding a league with seven sports events.
- The total prize money is more than $2.1 million.
- Winners will receive equity, meaning partial ownership in the league.
- Alexis Ohanian is the founder of Athlos.
- Equity for players is a new idea in professional sports.
- This year's event was announced on CBS Mornings.
- The announcement was exclusive to CBS News.
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