An attempt by Britain’s richest man, Sir Leonard Blavatnik, to conquer the sports TV market has racked up another year of heavy losses to reach an accumulated deficit of more than $3.7bn. In delayed accounts filed at Companies House, the streaming operator Dazn reported a pre-tax loss of $1.3bn for 2020 as the pandemic tore up sporting schedules around the …
Sir Leonard Blavatnik has agreed a $4.3bn refinancing of his loss-making attempt to conquer sport television, Dazn, despite its failure to hit the target in a bid to acquire BT Sport. Last year Dazn became the lead broadcaster of top-flight football in Italy, bought La Liga football rights in Spain, launched Bundesliga football coverage in Germany, secured UEFA Women's Champions …
