Tycoon Len Blavatnik’s DAZN sports broadcaster is costing him billions

Len Blavatnik’s DAZN has ploughed huge sums into sports streaming, but it keeps getting knocked to the canvas

DAZN has the rights to bouts featuring Katie Taylor and Anthony Joshua, but after waving his wad, Len Blavatnik is staunching the bleeding of cash
DAZN has the rights to bouts featuring Katie Taylor and Anthony Joshua, but after waving his wad, Len Blavatnik is staunching the bleeding of cash
NICK POTTS/PA; STEPHEN MCCARTHY/SPORTSFILE/GETTY IMAGES
The Sunday Times

Anthony Joshua marched out confidently at Wembley On September 22, 2018, between giant flaming letters reading A and J. After that big entrance, he didn’t disappoint the 90,000 fans in the stadium and the millions watching on TV, displaying his power to beat Russian fighter Alexander Povetkin.

It was also the ideal platform for DAZN, Sir Leonard Blavatnik’s ambitious sports streaming service, to showcase its own talents to an American audience for the first time. DAZN, pronounced “Da-zone”, had just struck a $1 billion (£800 million) deal with Joshua’s promoter, Eddie Hearn’s Matchroom, to broadcast his fighters’ bouts to US viewers. But nine months later, Joshua and DAZN’s American dream lay in tatters. Joshua lost to underdog Andy Ruiz Jr in New York, setting