DAZN: owner Len Blavatnik agrees a $4.3bn recapitalization

Russian businessman Len Blavatnik (whose fortune is estimated at $38bn) is recapitalizing DAZN to the tune of $4.3bn (€3.8bn) via his company Access Industries, announced the owner of the OTT sports platform on 18/02/2022.

With this recapitalization, Len Blavatnik frees the UK-based company from debts accumulated in recent years. "This backing by Access represents a strong vote of confidence in DAZN's strategy, progress and future growth opportunities," said Kevin Mayer, chairman of the group's board of directors.

DAZN's latest results relayed by the press date back to 2019, a year in which the British company posted a turnover of $878m (€715m) and a net loss of $1.4bn (€1.14bn).

DAZN, which made its main acquisition with the broadcasting rights for Serie A TIM in Italy over the 2021-2024 cycle (€840m per season for all matches, including 7 out of 10 on an exclusive basis), is said to have 11 million subscribers worldwide. The group has been present in more than 200 countries since 01/12/2020 but holds rights mainly in eight countries (Germany, Austria, Switzerland, Italy, Canada…