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Brazilian sports ministry approves lottery-fund transfer changes for clubs

Regulation

Brazil’s Ministry of Sport authorised a change to how lottery funds pass from Fenaclubes to the Brazilian Club Committee (CBC), with the approval issued on 17 June. The revised arrangement provides for an initial R$1 million transfer and further R$1 million payments when Fenaclubes accumulates that amount; the first transfer depends on the parties signing an amendment.

The transfer schedule affects when CBC receives lottery-derived funding under its agreement with Fenaclubes.

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Regulation

Brazilian government meets football clubs over sports betting prohibition

Brazil’s government scheduled a meeting with representatives of major football clubs for 29 September to discuss the effects of its decision to prohibit betting on matches. The meeting follows club opposition to the decree, whose effects are expected to begin on 6 October. The clubs said betting sponsorships had become an important source of income and objected to the sudden regulatory change.

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