By SectorWire desk ·
Fluminense and Flamengo plan to use their main sponsorship spaces to criticise a ban on betting companies. Fluminense plans to display a message opposing prohibition during Sunday’s derby against Flamengo.
The planned protest would use the clubs’ main sponsorship spaces to oppose a ban on betting companies.
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The timing of Fux’s review and the MP’s required congressional vote affect operators’ authorisations and betting sponsorships in Brazil.
Flamengo and Fluminense’s protests show regulators opposition from football clubs to prohibiting betting in Brazil.
The Maracanã protests give regulators a public expression of opposition to restrictions on betting companies in Brazil.
Caixa’s negotiations could establish an instant lottery arrangement with Corinthians alongside sponsorship and naming rights.
Betting sponsors backed Flamengo and Fluminense’s campaign opposing Brazil’s betting suspension and advocating regulation.
The extension changes the timing of payments to former employees as the club says the measure affected its finances.