IAAF president Sebastian Coe Photo delivers a speech at the opening ceremony of the 2017 World Championships in London Stadium. Photo: Matthew Childs/ Reuters

LONDON - A new World Cup event featuring eight of the top athletics nations will take place in London this year, British Athletics said on Monday.

Britain and the United States will take part along with South Africa, Poland, France, China, Germany and Jamaica in the inaugural competition scheduled for July 14 to 15.

"This is one of the exciting innovative events we are seeing in our sport and our thanks go to British Athletics and the Mayor of London for creating it and hosting it," International Association of Athletics Federations (IAAF) President Sebastian Coe said in a statement.

"We have 8 lanes, 8 top nations, 8 teams and a host of world class athletes lining up in each event to win the trophy and prize pot. This will be a fast-paced and exhilarating experience for athletes and fans."

One male and one female athlete from every nation will be selected for each track and field event, with the total prize pot set at $2 million over two evening sessions at London Stadium.

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