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Caixa invests in Corinthians extension

Government-owned bank Caixa Economica Federal has renewed its major shirt sponsorship deal with Campeonato Brasiliero football club Corinthians for the 2015 season.

Caixa has sponsored Corinthians for the past two years and its previous agreement expired at the end of January.

The club continued to wear shirts bearing Caixa’s branding while a renewal worth R30m (€9.3m/$10.6m) – in line with the previous terms and the highest amount for an individual sponsorship in Brazil’s top flight – was finalised.

Corinthians is now expected to turn its attention to filling the sleeves and shoulder branding spaces on its playing shirts after 2014 partners CarSystem and Fisk opted against extending their deals.