An agreement has been reached between Brazil’s Distrito Federal government and the Arena BsB consortium for the latter to assume control of Brasilia’s Estádio Nacional Mané Garrincha.

The two parties have agreed a 35-year deal, through which they will jointly manage the venue for the next six months before Arena BsB takes on full management. The agreement also covers the Ginásio Nilson Nelson and Complexo Aquático Cláudio Coutinho venues.

The Maquina do Esporte website reported that the government would receive R$5m (£1.1m/€1.2m/$1.3m) per year from the sixth year of the partnership. It will also receive five per cent of the net revenue of the entire complex.

It is hoped that the agreement will reduce the stadium’s reliance on sporting events to generate income, with concerts being considered as potential revenue streams. A large leisure centre is also due to be built on the venue complex next year.

The stadium has a capacity of 72,000 and opened in 1974 before undergoing extensive renovation work ahead of Brazil’s staging of the 2014 FIFA World Cup. The stadium hosted seven matches during the World Cup, including Argentina’s quarter-final win over Belgium and Brazil’s third-place play-off defeat to the Netherlands.

Distrito Federal governor Ibaneis Rocha said: “Brasilia will generate interest in football, in the area of concerts and sports. We will transform the capital into the largest tourist centre in Brazil, Latin America, perhaps in the world, and with the collection of taxes, we will be able to meet the needs of the population.”

Image: Brazilian Government