Campeonato Brasileiro Serie A football club Flamengo has renewed its sponsorship deal with government-owned banking group Caixa.
The Diário Oficial da União newspaper reported that the deal would be worth up to R$30m (€9.2m/$9.7m). The renewal covers the 2017 season.
Caixa’s branding will continue to feature on the front of Flamengo’s jerseys as part of the agreement.
Caixa first partnered with Flamengo in 2013. This year, the bank will sponsor 17 of the 20 Serie A clubs, with the exceptions being Palmeiras, Grêmio and São Paulo.