Channel NewsAsia
Channel NewsAsia
AsiaPac · 2 hrs ago

DAZN investor Aser explores options for stake in sports streamer

MILAN/LONDON, July 29 : Aser Ventures, the investment vehicle led by Italian businessman and former Leeds United owner Andrea Radrizzani, could sell part of its minority stake in sports streaming platform DAZN as it looks for ways to finance its expansion plans. "We are exploring a range of options, from pure financing to hybrid solutions and equity investments," Radrizzani, who sits on DAZN's board, told Reuters.He said Aser would prefer partnering with "funds or family offices, particularly those that already have exposure to the sports-tech sector." "We could use all or part of Aser's stake in DAZN to finance Aser's expansion through debt, hybrid instruments or equity. As a result, our stake in DAZN could be reduced," he added. Aser became a shareholder in DAZN when the sports streaming
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