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In both London and New York, seven disciplines will be contested – 100m hurdles, 100m, 200m, 400m, 800m, mile and long jump – with an athlete’s combined points determining the winner of the overall event.
Athletes can earn up to $65,000 (£48,500) in each individual event, while overall champions will receive an additional $25,000 (£18,600), meaning an athlete who wins both cities could receive $155,000 (£115,000).
Great Britain’s Keeley Hodgkinson was among the winners at the 2025 meet as some of the world’s fastest women competed in a party atmosphere inside a packed Icahn Stadium, with live music and Serena Williams presenting Tiffany & Co crowns replacing traditional winners’ medals.
After adding its London event in 2026, Ohanian’s ultimate goal is to create a global, season-long league.
It is an ambition on which he has long been in conversation with the sport’s governing body and “great partner” World Athletics.
“I’m at a very lucky place in my career where I don’t want to do something small. I want to do something that has a big impact, which is about legacy,” said Ohanian, who bought a 10% stake in Women’s Super League soccer team Chelsea last year.
“We know we’re getting into something really ambitious. Ultimately we want to build a league around athletics, which historically hasn’t had commercial success. This is a big moment for us.”