Surj Sports Investment, the sports investment unit of Saudi Arabia's sovereign wealth fund (PIF), has acquired a minority stake in billionaire Len Blavatnik’s DAZN sports streaming service in an agreement that could radically change the sports content ecosystem in the Middle East.

In October, a PIF spokesperson said it had “no current plans to invest" in DAZN, which has bought the rights to FIFA's Club World Cup.

SURJ, a sports-focused division of Saudi Arabia's sovereign wealth fund, has finalized a minority investment in London-based media firm DAZN.

Saudi Arabia’s Surj Sports Investment has confirmed that it has taken a minority stake in streaming platform Dazn and entered into a joint venture aimed at showing more events taking place in the kingdom.

SURJ Sports Investment has agreed to take a minority stake in DAZN, which is likely to result in more Saudi-backed sports events appearing on the streaming service.

DAZN recently acquired Australian broadcaster Foxtel for £1.7 billion. It also acquired the rights to FIFA’s the Club World Cup for a reported $1 billion, which it has announced it will air for free. FIFA and Saudi Arabia have grown close ties recently, with the nation awarded the 2034 men’s World Cup.

Dall'acquisizione di una quota di minoranza della piattaforma streaming alla costituzione di Dazn Mena, con vista su Arabia e Medio Oriente

The sports investment arm of Saudi Arabia’s sovereign wealth fund is buying a minority stake in billionaire Len Blavatnik’s streaming service Dazn Group, which holds the broadcasting rights of some of Europe’s top-tier football leagues.

La saudita Surj Sports Investment entra in Dazn con una quota di minoranza e "lavoreranno a stretto contatto per la costituzione di Dazn Mena, joint venture nel settore del broadcasting", annunciano i