LONDON –
Saudi Arabia’s Public Investment Fund is among potential bidders exploring the purchase of a minority stake worth about $1 billion in DAZN, the sports streaming group backed by billionaire Len Blavatnik, two people with knowledge of the matter said.
If successful, such a deal could increase the fund’s influence in European football, as DAZN is a broadcast partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1.
The PIF, chaired by Saudi Crown Prince Mohammed bin Salman, is part of a consortium that owns English Premier League football club Newcastle United and other Saudi Pro League clubs including Al-Nassr, where Portuguese footballer Cristiano Ronaldo plays.
