MG government unveils sponsorship to aid Atlético, Cruzeiro, América | OneFootball

The Government of Minas Gerais announced a sponsorship of R$ 32 million, through state-owned companies, for Atlético-MG, Cruzeiro, and América-MG.

The measure serves as financial relief after the teams lost contracts with betting companies, which were recently banned by a Provisional Measure from the Federal Government.

In the distribution of the funds, Atlético and Cruzeiro will each receive R$ 15 million, while América will get R$ 2 million. The Cemig and Codemge brands will appear on the teams’ jerseys.

The state government is also in talks to extend the sponsorship to Athletic and Uberlândia.

As a condition for the money received, the clubs must invest in women’s football and provide free tickets for specific matches to low-income students.

The loss of the original sponsorships occurred because the Federal Government ordered the suspension of betting companies in Brazil. Users have until October 5 to withdraw their balances before the websites and apps go offline.

Along with the suspension, the Federal Government sent a bill to the National Congress to classify crimes related to betting and created a debt renegotiation program focused on helping families affected by addiction to online gambling.

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

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