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Grêmio rejects betting sponsorship offers worth R$20m to R$25m annually

Deals & M&A

Grêmio has remained without a main shirt sponsor for more than seven months after ending its agreement with Alfa Bet, according to reports. The club rejected annual offers of R$20m to R$25m and is seeking a figure closer to the R$50m Alfa Bet had agreed to pay. Its management said sponsorship talks continue, including a possible arrangement linked to the Arena naming rights.

The club’s rejected offers show the annual value it considers acceptable for a long-term main-shirt sponsorship.

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Deals & M&A

France's competition authority approves Banijay's Joa acquisition without conditions

France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.

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