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Sportingbet becomes Vasco da Gama’s main sponsor for the season

Deals & M&A

Sportingbet has become the main sponsor of Club de Regatas Vasco da Gama’s professional teams, the club announced. The men’s team debuted the brand on its kit on 25 July, and the women’s team is due to display it from 1 August. The partnership includes a fan engagement programme linked to improvements at the club’s Training Center.

The sponsorship covers both professional teams and includes a fan programme tied to investment in the Training Center.

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Regulation

Brazil bets ban could cut three clubs’ revenues by R$695.5m

An economist’s estimate reported in the source says Flamengo, Corinthians and Palmeiras could lose R$695.5 million a year combined in betting sponsorship and stadium advertising revenue if Brazil’s provisional measure remains in force. The projections put potential revenue reductions at 26% for Flamengo, 23% for Corinthians and 22% for Palmeiras; they are not losses already recorded.

Flamengo, Corinthians and Palmeiras could lose a combined R$695.5m a year in sponsorship and stadium advertising revenue if Brazil's provisional measure on fixed-odds betting remains in force, according to an estimate by economist Cesar Grafietti. The figures are projections of the financial impact of removing betting-related revenue, not losses the clubs have already recorded.

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