Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports.

Reddit founder Alexis Ohanian has bought a stake in Women's Super League champions Chelsea, the club have confirmed. Ohanian, who is married to tennis great Serena Williams, will have a seat on Chelsea Women's board after purchasing a 8-10% share, believed to be worth around £20m.

Alexis Ohanian, the Reddit co-founder and husband of tennis great Serena Williams, has acquired a stake in Women's Super League champions Chelsea, he announced on Wednesday.