Reddit co-founder Alexis Ohanian has announced that his 776 Foundation is investing in The Sports Bra, a sports bar and restaurant dedicated to showing women’s sports on its TVs. This investment will help the flagship location in Portland, Ore., expand into other cities.
Ohanian expressed his support for women’s sports and the excellence that comes from female athletes in a post on Twitter. He stated that he is looking for ways to reinforce and build on this excellence in a way that makes sense with the community.
The financial terms of Ohanian’s investment in The Sports Bra were not disclosed, and the sports bar has not yet responded to requests for comment from Sportico. However, it is known that Ohanian holds stakes in team ownership opportunities such as the NWSL’s Angel City FC and the Los Angeles Golf Club.
In addition to ownership opportunities, Ohanian also collects memorabilia related to female athletes and has made significant investments in the realm of girls’ and women’s sports through his 776 Foundation. The foundation provides grants to young individuals with plans to combat climate change.
Overall, Ohanian’s investment in The Sports Bra is part of his larger commitment to supporting and promoting girls’ and women’s sports. The returns from this investment will be reinvested into further initiatives to empower female athletes and promote gender equity in sports.
