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DAZN overhauls structure for potential new equity or IPO, FT reports - Finance news and analysis from Global Banking & Finance Review
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DAZN overhauls structure for potential new equity or IPO, FT reports

Published by Global Banking & Finance Review

Posted on June 19, 2026

1 min read

· Last updated: June 19, 2026

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DAZN Restructures to Enable New Equity Funding or a Potential IPO

DAZN's Business Restructuring and Future Funding Plans

Overview of DAZN's Restructuring Efforts

June 19 (Reuters) - Sports streaming platform DAZN, owned by billionaire Leonard Blavatnik, is restructuring its business to make it easier to raise new money and explore a possible public listing, the Financial Times reported on Friday citing a person familiar with the matter.

Creation of a New Holding Company

A new Cayman Islands holding company will be established for the DAZN Group, with control ultimately held by Blavatnik’s Access Industries, the report added.

Verification and Reporting

Reuters could not immediately verify the report.

(Reporting by Abu Sultan in Bengaluru; Editing by Muralikumar Anantharaman)

Key Takeaways

  • DAZN is restructuring under a new Cayman Islands holding company controlled by Access Industries to streamline potential capital raises or public listing.
  • Blavatnik has poured over $7 billion into DAZN and sees the restructuring as a step toward achieving profitability and exploring strategic financing options (sportsbusinessjournal.com).
  • DAZN’s progress narrowing losses—from $1.4 billion to around $936 million—and revenue growth above $3 billion underpins the rationale for improved financial structure and potential IPO readiness (sportsbusinessjournal.com)

References

Frequently Asked Questions

Why is DAZN restructuring its business?
DAZN is restructuring to make it easier to raise new money and to explore a possible public listing.
Who currently owns DAZN?
DAZN is owned by billionaire Leonard Blavatnik through Access Industries.
What structural change is DAZN implementing?
DAZN will create a new Cayman Islands holding company for the group.
Is DAZN planning an IPO?
DAZN is exploring a possible IPO as part of its restructuring process.
Where did this information originate?
The Financial Times reported the restructuring, citing a source familiar with the matter.

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