Bap sees R$400m loss at Flamengo if betting ends: “No plan B”

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·25 September 2026

Bap sees R$400m loss at Flamengo if betting ends: “No plan B”

What did Bap, Flamengo’s president, say about the Federal Government’s Provisional Measure (MP)?

The Federal Government will sign, this Friday (25), the Provisional Measure (MP) that will establish new rules for sports betting in Brazil. Amid the possible end of betting companies in Brazilian football, president Luiz Eduardo Baptista projected a massive loss for Flamengo.

It is very difficult, in the short term, for us to say what we can do, because this is an extremely drastic measure. I would be lying if I said we have a plan B for this. We do not. We never considered the possibility that existing contracts based on an absolutely legal model, approved by the National Congress, with licenses officially and legally issued, could be eliminated, so to speak, in a short period of time. So, we are concerned about this possibility and we still do not have an alternative plan whatsoever. What I can say is that Flamengo is a responsible club, it made a long-term commitment based on the legal contracts we signed with a betting company and, as far as Flamengo is concerned, the impact next year, beyond the sponsorship itself, will be around R$ 400 million in the club’s revenues. Because there are some indirect impacts, and that alone would make it impossible for Flamengo to meet the commitments it has undertaken for next year. So, it is an environment where you were operating fully within the law, and it is something that causes us great concern if it is actually carried out,” Bap said in an interview with ‘Metrópoles’.

When will the MP be signed?

During a rally held in Recife, the capital of Pernambuco, Lula confirmed that he will sign the MP this Friday (25), in São Paulo. Therefore, the presidents of Brazilian clubs, including Bap, are keeping an eye on the Federal Government’s official statement.

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What could change in the relationship between betting companies and Brazilian football?

The federal government is preparing an MP to tighten the rules for online betting in Brazil. The proposal, which gained momentum amid the debate over household debt and the possible impacts of betting on public health, is expected to establish new restrictions for the sector.

According to information from ‘Metrópoles’, the MP measures include discussions about banning virtual casinos, while sports betting may remain authorized under stricter rules. In addition, the government is considering limiting advertising by the platforms.

Therefore, clubs and sports entities are discussing alternatives to minimize the effects of a possible change in the rules. This is because a large number of Brazilian teams are sponsored by betting companies.

What will happen to Flamengo’s relationship with Betano?

Flamengo, in fact, is already on alert over the case, since Mengão’s main sponsor is Betano. The company has a contract with Fla until the end of 2028, with fixed revenue of R$ 268 million per season. In addition, the deal marked the biggest sponsorship in the history of Brazilian football.

Betano has already informally warned the club about the possibility of terminating the agreement. So far, however, there has been no official notice to that effect. Therefore, the financial risk for Flamengo is considerable.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.