Saudi Arabia’s Public Investment Fund (PIF) is exploring the possibility of taking a minority stake in sports streaming group DAZN.Reuters reported the fund was among a number of potential bidders exploring the purchase of a $1 billion holding.PIF is chaired by Saudi Crown Prince Mohammed bin Salman. It is already part of a consortium that owns Premier League club Newcastle United as well as other Saudi Pro League clubs including Al-Nassr, home to Portuguese footballer Cristiano Ronaldo.Although the discussions have been ongoing since last December, Reuters sources cautioned that they were not advanced, and there was no certainty the deal would happen at all.In recent months DAZN, backed by billionaire Sir Len Blavatnik, has held similar talks with at least two other groups.DAZN hold a number of key sports rights, which vary by territory, and include Bundesliga, Formula 1, Ligue 1, Series A and Champions League.
Copyright © 2024 Broadband TV News.