Billionaire Leonard Blavatnik has promised to underwrite sports streaming platform Dazn for 12 more months after pouring another $500 million into the company that owns Australian pay television giant Foxtel.
The Ukrainian-born businessman, who is worth an estimated $US35 billion ($50 billion), has over the past decade spent $US7.4 billion building Dazn, which is attempting to create a unified platform for sports broadcasts, betting, merchandise and ticketing.
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