{"id":150207,"date":"2024-05-21T12:23:18","date_gmt":"2024-05-21T15:23:18","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2024\/05\/21\/flamengo-and-pixbet-close-an-astronomical-deal-for-master-sponsorship\/"},"modified":"2024-05-21T12:30:21","modified_gmt":"2024-05-21T15:30:21","slug":"flamengo-and-pixbet-close-an-astronomical-deal-for-master-sponsorship","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/bookmakers\/2024\/05\/21\/flamengo-and-pixbet-close-an-astronomical-deal-for-master-sponsorship\/","title":{"rendered":"Flamengo and Pixbet close an astronomical deal for master sponsorship"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Flamengo<\/strong> is about to sign one of the biggest master sponsorship agreements in the history of Brazilian <a href=\"https:\/\/en.wikipedia.org\/wiki\/Football_in_Brazil\">football<\/a> with Pixbet. Next Thursday (23), the club&#8217;s Deliberative Council will vote on the new terms of the partnership with the <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\">bookmaker<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, the contract will be worth <strong>R$470 million<\/strong>, valid for four years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Details of the contract between Flamengo and Pixbet<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The current contract with Pixbet, which provided for an annual payment of R$85 million, will give way to a new agreement with significantly higher values. Thus, in 2024, Flamengo will receive<strong> R$105 million<\/strong>, guaranteeing the largest master sponsorship in the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, in the following years, the amounts will be staggered:<strong> R$115 million in 2025<\/strong>, and <strong>R$125 million in both 2026 and 2027<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, this agreement represents a substantial increase in the club&#8217;s revenue, consolidating Flamengo as one of the most valuable teams in Brazil. In addition to strengthening the Rio team&#8217;s brand, these resources will allow for significant investments in football and other areas of the club.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The contract includes a termination clause, stipulating a fine of 50% of the remaining value of the contract if either party decides to end the agreement before completion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Identity and compliance program<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to voting on the new sponsorship, Flamengo will present the new Identity and Compliance Program to its members. This program was developed based on a recent Federal Government standard and aims to improve the club&#8217;s transparency and governance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, <strong>Flamengo is in third place in the Brazilian Championship with 11 points<\/strong> in 6 games played. The team led by Tite has 4 wins, 1 draw and 1 defeat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is worth remembering that the competition is currently paralyzed due to the state of public calamity in Rio Grande do Sul. The Copa do Brasil and Libertadores games continue.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"696\" height=\"375\" src=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2024\/05\/Flamengo-se-aproxima-de-valor-astronomico-para-patrocinio-master.jpg\" alt=\"\" class=\"wp-image-150136\" srcset=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2024\/05\/Flamengo-se-aproxima-de-valor-astronomico-para-patrocinio-master.jpg 696w, https:\/\/igamingbrazil.com\/wp-content\/uploads\/2024\/05\/Flamengo-se-aproxima-de-valor-astronomico-para-patrocinio-master-300x162.jpg 300w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"> About Pixbet<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pixbet<\/strong> is a <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\">sports betting <\/a>platform focused on the Brazilian market. Founded to meet the growing demand for online betting, Pixbet offers a variety of sports, including football, basketball and tennis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With a user-friendly interface and diverse betting options, the group aims to provide a safe and fun experience for its users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, the company also stands out for its strategic partnerships with major football clubs, such as Flamengo, strengthening its presence and influence on the national sporting scene.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flamengo is about to sign one of the biggest master sponsorship agreements in the history of Brazilian football with Pixbet. Next Thursday (23), the club&#8217;s Deliberative Council will vote on [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":150157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14873],"tags":[3371,3177,17284,6995,14536],"class_list":["post-150207","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bookmakers","tag-brazilian-championship","tag-flamengo-en","tag-master-sponsorship","tag-pixbet-en","tag-sports-betting-en-8"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flamengo and Pixbet close an astronomical deal for master sponsorship - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"Pixbet, leader in sports betting, signs a new contract with Flamengo, boosting its success and presence in the market.\" \/>\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\/05\/21\/flamengo-and-pixbet-close-an-astronomical-deal-for-master-sponsorship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flamengo and Pixbet close an astronomical deal for master sponsorship - 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