“Impact passes R$100m”: Montenegro reveals Fluminense hit after MP on bets | OneFootball

Fluminense president Mattheus Montenegro expressed concern over the effects of the Provisional Measure announced this Friday by the federal government, which orders the ban on the operation of betting companies in Brazil. In an interview with CNN, the executive said the decision could have significant impacts on club finances and the sponsorship market in Brazilian soccer.According to Montenegro, Fluminense estimates a loss of more than R$100 million as a result of the measure.“What concerns Fluminense and all of Brazilian soccer is the impact of a measure taken overnight. Here (at Fluminense), the impact exceeds R$100 million. It is a major concern for the club. This measure causes most Brazilian clubs to lose sponsorship at the same time. That devalues the asset, because interested companies will have almost all clubs available, reducing the market value of the shirts.”The executive also raised questions related to the legal certainty of the decision. For Montenegro, the lack of a transition period could bring consequences both for the clubs and for the federal government itself, in addition to encouraging the growth of clandestine operations.“There is the issue of legal certainty, since the measure was taken overnight, without a transition, and may violate laws and the Constitution. In addition, betting companies raised R$9 billion for the Government between January and August 2026, and the measure does not estimate the impact on that revenue. There is also the risk of strengthening the clandestine market, besides the lack of urgency, since the issue had already been under discussion in Congress.”

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