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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. |