Flamengo kit worth R$ 467.6m after GAC Motors deal | OneFootball

Flamengo’s council approved a three-year sponsorship with GAC Motors on Tuesday, worth R$ 12.5 million a year, taking the kit’s 11-brand portfolio to R$ 467.6 million annually.

Club president Bap framed the deals as partnerships. “I call them partners, not sponsors, because sponsorship is only about paying to put the badge on. We work so they succeed, and with high interest rates consórcio is growing again in Brazil, and it will grow,” he said on Flamengo TV’s Mengocast.

Councillors also approved a revised agreement with Banco BRB, already on the shirt, lifting its payment to R$ 42.6 million. Amid losses linked to Banco Master, concerns over BRB’s credibility were discussed. On renewal, the shirt brand will read “Nação BRB Fla”, the club’s digital bank partner.

“GAC is another automotive giant, something that will keep growing. It is not just putting a carmaker on the shirt, it is choosing someone doing something new. That is why our shirt is worth R$ 470 million and others R$ 130 million.”

Betano remains the master sponsor at R$ 268.5 million per season. Earlier this month the council also approved a R$ 14 million agreement with Ademicon.

Other kit partners include Adidas as supplier at R$ 70 million, Hapvida at R$ 23.8 million, Shopee at R$ 12 million, Assist Card at R$ 10.8 million, Wap at R$ 5 million, and Texaco and Zé Delivery at R$ 4.2 million each.

Source: Globo.com