As the journalist Lauro Jardim reported in his column in O Globo, Fluminense claims that a considerable part of the resources allocated by the 'Bets' - as operators are called in Brazil - to advertising campaigns are returned, “in the form of sports sponsorships,” to the teams. The document states:
"The impact of such funds on the development of professional football in the country is undeniable. Currently, 75% of the clubs in the Brazilian Championship Series A have companies that operate sports betting as their main sponsors."
"It is estimated that, in 2024, the amounts resulting from contracts with betting companies will represent almost 15% of the total revenues of the clubs in the two main divisions of the national competition."
Fluminense signed a contract worth more than R$150 million (US$ 26m) with Superbet for three seasons, becoming one of the five highest agreements in Brazilian football.
Next Monday (11), the Supreme Federal Court will hold a public hearing with several interested parties to discuss the impacts of online betting on public health and the economy.
Fluminense's request to be amicus curiae in the STF action, if accepted, authorizes it to present memorials and make oral arguments in trials.
Source: O Globo
