DAZN ‘about to buy BT Sport with sports streaming service to take over English Premier League rights’
DAZN is ready to buy BT Sport and take over their English Premier League.
Prem is in talks to approve the sale – believed to be for £600m.
BT Sport’s £385m contract with top flight runs from 2019 to 2022 before ending three years to 2025.
Streaming giant DAZN has long been a favorite to acquire the company.
But American media giant Discovery has been trying to ramp up power over the past two months.
However, now DAZN seems about to hit a big buy.
Prem clubs have the power to prevent such a takeover of TV coverage but that looks highly unlikely.
BT Sport has had three more years from 2022 to 2025 as part of the Government’s agreement to limit financial problems caused by the Covid pandemic.
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walkie talkie said talks between BT and DAZN in December had stalled on commercial details.
However, the billionaire, owner of DAZN, Len Blavatnik, is confident about closing the deal.
Discussions with Discovery were interpreted as more of a fallback – almost a safety net.
DAZN has seen revenue soar but losses have also increased this decade.
So getting a foothold at one of the world’s biggest tournaments in any sport can be a huge boost.
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https://www.thesun.ie/sport/football/8300376/bt-sports-sale-dazn-premier-league-rights/ DAZN ‘about to buy BT Sport with sports streaming service to take over English Premier League rights’