Flamengo president says betting ban leaves club unable to honour deals, funds to lawyers not signings | OneFootball

Flamengo president Luiz Eduardo Baptista, Bap, says the club cannot currently honour legal commitments after Provisional Measure 1.394/2026 banned betting operators. He warned transfer funds could be redirected to legal costs.

"We will stop signing players and hire lawyers. We will seek alternatives and new sponsors, but the figures will be far below current levels." The interview was published on FlamengoTV’s Mengo Cast on 28 September.

"I sincerely hope that, from next week, this is revisited, either by the Supreme Federal Court or by the National Congress."

Betano pays about R$ 268 million per season to the end of 2028, but has informally warned of a possible end. Internally, betting-linked sponsorships are put at up to 20% of revenue, with Betano at 15% and Brax at 5%, and Bap estimates losses above R$ 400 million.

On 27 September, Fatal Model offered more than R$ 100 million for one year on the shirt, less than half Betano’s annual sum.

On 28 September, the National Association of Games and Lotteries and the Brazilian Institute of Responsible Gaming asked minister Luiz Fux to suspend the measure. Sinafut also petitioned the Supreme Court and proposed a transition protecting contracts until 31 December 2026.

By Tuesday morning 29 no decision had been made, so the rules remain. Bettors can withdraw balances until 23:59 on 05 October, then from 06 October platforms are barred from bets and advertising.

In Congress, the MP took immediate effect but still needs approval from deputies and senators. It lasts 60 days, extendable by 60, then lapses if not voted in time.

Source: Coluna Do Fla

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”