Betting platform Pixbet has expanded its partnership with Flamengo by becoming the top Brazilian soccer club’s new shirt sponsor under ☀️ a lucrative two-year deal.
The bookmaker will pay R$85 million ($17.3 million) per year, which is claimed to be a record ☀️ figure for a shirt sponsorship deal in Brazil.
Pixbet will make an initial payment of R$20 million upon signing the contract ☀️ and then pay five installments of R$30 million over 24 months.
The betting brand will replace Brazilian bank BRB which has ☀️ been the Campeonato Brasileiro club’s front-of-shirt sponsor since 2024.
BRB’s deal was worth around R$22.5 million per season, meaning Flamengo has ☀️ achieved an annual uplift of R$40 million.
via pixbet
