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Council approves Banco BMG as Flamengo's new sponsor

The sponsorship contract for football is for one year and involves funds for the basketball season.

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At a special meeting held Thursday evening in the main hall of the club's headquarters in Gávea, Flamengo's Deliberative Council approved another sponsorship agreement for the club. A total of 242 council members were present, and 239 voted in favor of the new partnership.

The contract will be signed with Banco BMG. The company will apply the BMG brand to the sleeves of the home and training uniforms of the professional and youth soccer teams, as well as to the front and back of the professional basketball team. The one-year investment is R$8,5 million (R$8 million for soccer and R$500 for basketball), but can reach R$10,5 million. The remaining R$500 million will be received in bonuses. If the soccer team reaches the Copa Libertadores semifinals, an additional R$500 will be paid; if it advances to the final, another R$1 will be paid; and if Flamengo wins the championship, the new sponsor will pay an additional R$XNUMX million.

"Today we have the best sponsorship deal in Brazil. Batavo and BMG's total 30,5 million, a huge victory for our management. And this time, we've also managed to involve an Olympic sport beyond football, and this will always be our goal," said Flamengo's vice president of marketing, Henrique Brandão.

The BMG brand will debut on the shirt in next Wednesday's game, at 21:50 pm, when Flamengo will play the semifinal of the State Championship against Botafogo, at Maracanã.