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DAZN Close To Completing £580 Million Deal To Buy BT Sports

DAZN Close To Completing £580 Million Deal To Buy BT Sports

The transaction is poised to be finalised this month.

Nasir Jabbar

Nasir Jabbar

DAZN are reportedly set to complete the monstrous deal of BT Sport in an estimated $800 million (£582 million) deal. 

​According to Reuters, the stunning transaction is set to be finalised THIS MONTH.

Image: PA
Image: PA

Initial talks started last summer and stalled last month as Discovery entered the market to compete with DAZN. 

But it now appears that DAZN will beat Discovery to the purchase of BT Sport. 

Image: PA
Image: PA

However, Discovery are understood to still be in talks, yet DAZN are the front runners. 

DAZN are big players in Europe, Japan and Canada and have the rights to air the FA Cup, League Cup and EFL games in the likes of Germany and Switzerland. 

In the UK, they have Eddie Hearn's Matchroom Boxing stable - including fighters Dillian Whyte, Conor Benn and Katie Taylor. 

Image: PA
Image: PA

The streaming platform are thought to be very interested in BT Sport's Premier League and Champions League packages. 

They also have exclusive rights to Ligue 1 and Serie A - and broadcast cricket, rugby, boxing as well as the UFC. 

In terms of pundits and personalities, DAZN boast the likes of Laura Woods, Maya Jama and Mike Costello.

Image: PA
Image: PA

It remains to be seen whether BT Sport's pundits would move over to DAZN should the takeover be sealed, with Rio Ferdinand, Paul Scholes and Peter Crouch among their stars.  ​

It's claimed that BT Sport has around five million total viewing households in the UK.

As for DAZN, they have 11 million subscribers around the world. 

DAZN will become a big player in the UK and Ireland if the deal comes to fruition. 

Featured Image Credit: PA

Topics: Premier League, Champions League, Football, Boxing

Nasir Jabbar is a journalist at SPORTbible. He graduated from Bath Spa University with a BA in Media Communications. He's a combat sport aficionado and has contributed to MMA websites AddictedMMA and CagePotato. Nasir has covered some of the biggest fights, while interviewing the likes of Conor McGregor, Anthony Joshua, Tyson Fury and Darren Till. He's also an avid Bristol City fan.

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@NasJabbar