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Sociedade Anónima Desportiva ("Public limited sports company") is a special type of public limited company ( SA) in Portugal. [1] [2] [3] The new legal status was introduced in the 1990s to improve financial management and transparency in sports clubs. Many Portuguese football and basketball clubs add the suffix SAD to the end of their official name.
See also
References
- ^ "Decreto Lei nº 10/ 2013, 25 January" (PDF). Official publisher of Assembly Republic.
- ^ "Decreto Lei 67/97, 3 of April" (PDF). Official publisher of Assembly Republic.
- ^ "Sociedades desportivas". parlamento.pt.
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