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