At CNN, Bap Estimates Loss of R$ 430 Million in Flamengo to End the Bets
6 Articles
6 Articles
Announced last night by the federal government, the Provisional Measure that determined the total prohibition of betting sites in the country increased the concern in Brazilian football and caused protests from leaders. Some bets have already notified clubs about the breaking of sponsorship contracts, which generated apprehension and even arguments about the inability to honor commitments in the coming months. Flamengo, for example, who receives…
Illustrative image Photo: PexelsBap estimates losses of up to R$ 430 million in Flamengo with the suspension of the bets
Bap states that impact will be immediate in 2027 and says that Brazilian clubs would stop collecting about R$ 2.5 billion The post President of Flamengo predicts loss of R$ 430 million with ban of bets and warns: ‘Disastrous impacts . . apareceu primeiro em ND More
Luiz Eduardo Baptista, the Bap, is pessimistic about the future of clubs if betting houses are banned in Brazil
Flamengo's president granted exclusive interview addressing the impact on the Brazilian clubs' safes in case of prohibition of sports betting
President of the club told Metropolis that the expected impact of 2027 includes sponsorship revenues and other sector-related contracts
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