LUN 25 DE NOVIEMBRE DE 2024 - 11:34hs.
The club votes on the contract extension

With titles, Pixbet can pay more than US$ 100m to Flamengo

The Deliberative Council of Flamengo votes this Thursday (23) to extend Pixbet's sponsorship contract with the club until the end of 2027, with the guaranteed value increasing from R$170 million (US$ 33m) to R$475 million (US$ 92.5m). However, this amount could increase even further and exceed R$ 500 million (US$ 100m) depending on the performance of the men's and women's football teams in the coming years.

The new contract included the payment of bonuses for titles (or runners-up in the case of Libertadores and Copa do Brasil) which can reach a maximum of R$13 million (US$ 2,5m) per year. As the contract is four years long, the total amount paid in prizes can reach R$52 million (US$ 10m), which would take the total value of the contract to R$527 million (US$ 105m).

The value of the prizes, as well as other contract values, will be adjusted annually according to inflation measured by the IPCA.

Pixbet prizes table for Flamengo titles:

TOURNAMENT                          CHAMPION / RUNNER-UP

Men's Libertadores:                    R$5 million / R$2.5 million (US$ 1m / US$ 500,000)

Men's Brazilian Cup:                  R$3 million / R$1.5 million  (US$ 585k / US$ 290k)

Brazilian Seria A male:               R$ 3 million (US$ 600k)

Women's Libertadores:              R$1 million / R$ 500,000 (US$ 200k / US$ 100k)

Brazilian Seria A female:            R$ 1 million (US$ 200k)

Regarding the fixed values, Mundo Rubro Negro (MRN) obtained the exact final numbers guaranteed in the contract. Payment will be made in four annual installments. The first two installments for 2024 have already been paid under the old contract, totaling R$ 50 million (US$ 10m). Two more installments will be paid this year, the next one of R$ 30 million (US$ 6m) in August and another of R$ 25 million (US$ 5m) by the end of the year, totaling R$105 million (US$ 21m).

Next year, the value increases to R$120 million (US$ 24m), with four payments of R$30 (US$ 6m) million. Finally, in 2026 and 2027, the amount reaches R$125 million (US$ 25m), paid in three installments of R$28.33 million (US$ 5,5m) and one of R$40 million (US$8m).

Mundo Rubro Negro was the first website to report the renegotiation between Flamengo and Pixbet to increase the value of sponsorship due to the higher amount paid by Vai de Bet to Corinthians. They continued negotiating and finally reached an agreement that will come into effect immediately, as soon as it is approved by the Council.

Source: Mundo Rubro Negro