Correios, the Brazilian national postal service, has recommitted as a sponsor of the CBDA with a few requested adjustments put in place after initially cutting ties with them after 26 years. After speaking with swimming legends Gustavo Borges, Thiago Pereira and Cesar Cielo back in April, they decided to renew their deal.
After investigations led to a whole saga of funding cuts, lawsuits and the eventual arrest of long-time CBDA president Coarcy Nunes, Correios ended their sponsorship.
They have now renewed their sponsorship through 2018, with a few requests. Correios president Guilherme Campos requested the CBDA have more transparency and make some changes to the management model within 90 days, and the agreement was signed.
The contract has a total value of 11.4 million reais, about 3.6 million USD. Despite the deal being much lower than the one received during the last Olympic cycle, securing the sponsorship was seen as a victory given the current condition of the CBDA.
