The EFL and Carabao have today announced a further two-year extension to their partnership - which will see the energy drinks brand remain title sponsor of the Carabao Cup until 2024.
The extension highlights the success of the partnership which began in 2017, and has helped Carabao establish and grow its UK market while promoting the brand to the cup’s international audience.
As a Thai-based company, Carabao's involvement has also provided the EFL with a platform to develop the competition’s presence across the globe.
Last season’s Carabao Cup matches were broadcast in 181 territories with a cumulative global audience of 103.4million - a figure which has increased by 32% since the 2019/20 season - demonstrating how the competition remains a popular fixture in the football calendar - both at home and abroad.
The Carabao Cup continues to form an important part of the English football landscape and - through sponsorship, broadcast and gate receipts - provides vital income to EFL clubs.
Domestically, Carabao has connected directly to supporters of the 92 Clubs taking part in the competition which has seen the brand’s market share boosted.
On the pitch, the competition’s opening rounds offer exciting midweek knockout football and the season’s first chance of silverware at a showpiece Wembley Final.
Over the years, the competition has produced some of the most memorable moments in English football with the Bantams embarking on a memorable run to the 2013 final, having beaten Arsenal and Aston Villa - over two legs.
The EFL Cup is also well known for providing young players with some of their first opportunities in senior football with England internationals Jude Bellingham and Dominic Calvert-Lewin making their debuts in the competition.
EFL chief commercial officer, Ben Wright, said: "We are incredibly pleased to extend the EFL’s partnership with Carabao.
"It is a title sponsorship which has been hugely successful for both parties and highlights the strength of the competition - both domestically and internationally.
"The competition offers Carabao the unique opportunity to connect with millions of football supporters whilst helping us to showcase the competition at home and on a global stage.
"I would like to thank Carabao for their continued support of the competition, especially throughout the pandemic.
"We are looking forward to another action-packed season of Carabao Cup football, with supporters back watching the action unfold."
Speaking on the announcement, David Butcher, managing director of Carabao UK&I, said: "As we move into our fifth season of the Carabao Cup, we are absolutely delighted to have renewed our title sponsorship for a further two years.
"The competition has been a fantastic asset for the brand, giving us the opportunity to grow our customer base in the UK, at the same time raising awareness for Carabao among football fans all over the world.
"Our partnership with the competition has clearly had a positive effect on supporters, with football fans now 1.6x more likely to purchase a can.
"Carabao is not like other energy drinks. At just 63 calories per can and with 60% less sugar than major market rivals, the range represents a great-tasting option for those looking for healthier alternatives which taste like a soft drink.
"We very much look forward to continue growing our relationships with the 92 competing clubs - as well as their supporters up and down the country - until 2024.
"Finally, we cannot wait to see fans back on the terraces for the beginning of this season’s competition, or when it is safe to do so."