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DAZN ‘targeting stock market debut’ to fund expansion

Streamer could look to list this autumn

Sports streamer DAZN is reportedly considering a launch on the stock market as it looks to further expand.

According to the Daily Telegraph, DAZN is aiming to list in autumn if market conditions allow.

The report adds that the company is considering a number of options in order to raise capital. It quotes company insiders as stating no final decision has been made.

DAZN is also thought to be interested in bidding for BT Sport as it looks to gain a foothold in the UK’s Premier League broadcast landscape.

In an interview with Deadline earlier this month, DAZN’s co-CEO James Rushton was coy when asked if the company would bid for Premier League rights when they’re available. “Would domestic football enhance our UK offering? Of course, you would be naive to think otherwise,” said Rushton. “Does that mean we’d have partaken in a tender if one would have happened? No idea.”

DAZN chairman Kevin Mayer added that Premier League rights would be “nice to have” and that it’s “flattering” that DAZN is considered part of the conversation around the sale of BT Sport.

In recent months, DAZN has won the rights to Serie A in Italy, and also struck a five year deal with boxing promoter Matchroom, which will see at least 16 fights a year available to the streamer’s UK subscribers.