Bookmaker MarjoSports has terminated its sponsorship with the Corinthians Brazilian soccer club. MarjoSports and the Sao Paulo team have reached an agreement to permanently terminate the contract after temporarily suspending the association in early April.
In an official statement the bookmaker said that some of the factors behind the decision were the pandemic and the interruption of live sports events.
“In this long road of hard work and dedication, and especially during these times where we live one of the greatest challenges in history, it’s natural that cycles begin and end, and that we tend to look for new horizons,” said the company, according to iGaming Brazil.
“Today, a cycle has ended, and we announce the end of the sponsorship with Corinthians, our partner since April 2019. In a joint agreement, the Timão presidency and the MarjoSports Board made this decision to be able to be better prepared to face the pandemic, which has suspended championships across the planet, and consequently brought challenges to everyone involved in sports.”