Fluminense issue official statement on the betting ban | OneFootball

Brazilian football is going through a moment that could bring drastic changes. With the possible ban on betting companies in Brazil, many clubs and competitions will lose sponsorships. This Friday (25), Fluminense released an official statement on this situation.

The debate over banning betting is legitimate and should not be shut down. There are real concerns about debt and addiction, but any decision needs to take the following points into account:

•⁠ ⁠Legal certainty and predictability: companies that complied with the regulations and third parties that signed contracts cannot be caught off guard overnight. The club has taken on financial commitments for this year and the coming years counting on these resources. One concrete example: Fluminense stores have six months of shirt stock with the master sponsor’s brand. An abrupt change would cause losses and could cost thousands of jobs throughout the entire chain.

•⁠ ⁠Effectiveness of the measure: banning regulated companies does not put an end to betting. The illegal market tends to fill that space, without oversight, without taxation, and with no protection whatsoever for bettors.

•⁠ ⁠Impact on sport: the funds do not support only professional football. They finance youth categories, women’s football, and Olympic sports, which employ hundreds of athletes and professionals at the club.

•⁠ ⁠Public revenue: the regulated market generated billions in taxes and legal allocations for sport, social security, public safety, education, and healthcare. Without it, those resources will need to come from another source.

At the very least, we support an adequate transition period if changes are made. The path forward should be guided by concrete data and by the effectiveness of each alternative.

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