RIO DE JANEIRO - THE Brazilian football confederation (CBF) on Wednesday announced a six-year, US$90 million (S$135 million) sponsorship contract for the national football team by one of the country's major banks.

The CBF said the sponsorship of the 'Selecao' would run till the end of the World Cup finals in Brazil in 2014.

The size of the contract was not officially announced, but according to local media reports, the Itau bank will pay US$90 million over the six-year duration.