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Caixa expands Brazilian football portfolio with Sport deal

Government-owned bank Caixa Econômica Federal has furthered its backing of Brazilian football by agreeing to become the new main sponsor of Campeonato Brasileiro Serie A team Sport Club do Recife.

Caixa has signed a four-year deal with Sport, with the agreement worth R$6m (€2m/$2.7m) per year, according to Brazilian media reports.

Caixa will hold the main shirt sponsorship rights to the club, with the Sport deal representing its 14th partnership with a domestic football team.

Sport won promotion from Serie B last season and currently sits third in the Serie A table, two points behind leader Cruzeiro.