{"id":137523,"date":"2024-01-23T14:29:39","date_gmt":"2024-01-23T17:29:39","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2024\/01\/23\/corinthians-will-have-to-pay-a-million-dollar-fine-to-pixbet\/"},"modified":"2024-01-23T14:36:12","modified_gmt":"2024-01-23T17:36:12","slug":"corinthians-will-have-to-pay-a-million-dollar-fine-to-pixbet","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/bookmakers\/2024\/01\/23\/corinthians-will-have-to-pay-a-million-dollar-fine-to-pixbet\/","title":{"rendered":"Corinthians will have to pay a million-dollar fine to Pixbet"},"content":{"rendered":"\n

Corinthians<\/strong> is facing a financial challenge as they have to pay a fine for terminating the contract with Pixbet<\/strong>. The company stopped sponsoring the club after the partnership with VaideBet<\/strong>.<\/p>\n\n\n\n

Despite the initial announcement by the president of Corinthians, Augusto Melo<\/strong>, indicating that VaideBet<\/strong> would assume responsibility for the compensation, the director’s advisor clarified that there was confusion.<\/p>\n\n\n\n

On January 7<\/strong>, Melo stated: “There is a fine of R$30 million, from Pixbet, which has completed one year (of the contract). Furthermore, there is a fine today of R$20 million, which it (VaideBet) will bear it. In addition to this sponsorship of R$360 million<\/a>, it will bear the fine”, stated president Augusto Melo.<\/p>\n\n\n\n

However, the reality is that Corinthians will have to deal<\/strong> with this financial obligation.<\/p>\n\n\n\n

Corinthians, VaideBet and Pixbet<\/h2>\n\n\n\n

The agreement with VaideBet<\/strong> involves monthly payments of R$10 million<\/strong> over three years, totaling R$360 million<\/strong>. In addition, a bonus of R$10 million<\/strong> for signing the contract, which has already been passed on to the club.<\/p>\n\n\n\n

\"\"
Photo: Rodrigo Coca\/Ag\u00eancia Corinthians<\/figcaption><\/figure>\n\n\n\n

The termination with Pixbet<\/strong> was due to exclusivity clauses in the contract, which gave the company the status of exclusive sponsor of Corinthians in the sports betting <\/a>segment.<\/p>\n\n\n\n

Despite VaideBet<\/strong> having debuted in the shirt’s master space in the Campeonato Paulista, Corinthians has not yet paid compensation to Pixbet<\/strong>.<\/p>\n\n\n\n

The club’s legal department will assess compliance with contractual obligations by both parties. Therefore, it will seek to negotiate a favorable solution for the payment of the fine.<\/p>\n\n\n\n

Pixbet<\/strong> had presented a proposal of R$75 million<\/strong> for the master sponsorship of Corinthians<\/strong>. However, the new board preferred VaideBet<\/strong>‘s superior offer, making the contract the biggest negotiation in Brazilian football<\/a> to date.<\/p>\n\n\n\n

Pixbet<\/strong>, in turn, signed a master sponsorship deal with Flamengo<\/strong> for R$85 million<\/strong> per season.<\/p>\n","protected":false},"excerpt":{"rendered":"

Corinthians is facing a financial challenge as they have to pay a fine for terminating the contract with Pixbet. The company stopped sponsoring the club after the partnership with VaideBet. […]<\/p>\n","protected":false},"author":27,"featured_media":137471,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14873],"tags":[3080,3371,2832,3066,5260,6995,15334],"class_list":["post-137523","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bookmakers","tag-betting-houses","tag-brazilian-championship","tag-corinthians-en","tag-football","tag-paulistao-en","tag-pixbet-en","tag-vaidebet-en"],"yoast_head":"\nCorinthians will have to pay a million-dollar fine to Pixbet - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"See the details about the payment of the million-dollar fine that Corinthians or Vaidebet must pay to Pixbet due to the change of sponsor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/bookmakers\/2024\/01\/23\/corinthians-will-have-to-pay-a-million-dollar-fine-to-pixbet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corinthians will have to pay a million-dollar fine to Pixbet - 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