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DAZN sets $500 million funding goal

Owner Len Blavatnik reportedly seeking funds for expansion

DAZN is looking to raise $500 million for expansion efforts, according to Bloomberg.

The sport streamer has spent considerable amounts on boxing and football rights, while eyeing up a potential NFL deal.

Billionaire owner Len Blavatnik has funded DAZN’s expansion so far, with Bloomberg suggesting “the fundraising effort may be a sign that he is no longer willing to solely carry the cost of broadcast rights.”

DAZN separated from Blavatnik-founded Perform Group which acted as a go-between for buying rights. Blavatnik sold Perform earlier this year to Vista Equity Partners.

Goldman Sachs Group is reportedly working on the fundraising but declined to comment on the matter.