According to an article published by Brazilian news outlet O Globo, the new platform will be managed by PixBet, the club's master sponsor, guaranteeing the team a minimum of R$82.5 million (US$ 15m) until 2027. This amount will be divided into: R$10 million (US$ 1.8m) for the final months of 2024; R$22.5 million (US$ 4.1m) in 2025; R$25 million (US$ 4.55m) in 2026; and another R$25 million in 2027.
However, Flamengo's profit may be higher, since PixBet must pay a royalty of 1% of gross revenue on the total betting transactions made on the new website.
The club will have no responsibility or role in the betting website, nor in any eventual loss or dissolution. “Flabet” is a licensee of the Flamengo brand. The expectation is that the proposal will be approved unanimously.
Source: GMB
