Sociedad anónima deportiva ("Public limited sports company") is a special type of Spanish

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability co ...

(known as in

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

). The new legal status was introduced in 1990 to improve financial management and transparency in sports clubs. Many Spanish

football Football is a family of team sports that involve, to varying degrees, kick (football), kicking a football (ball), ball to score a goal (sports), goal. Unqualified, football (word), the word ''football'' generally means the form of football t ...

and

basketball Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (appro ...

clubs add the suffix S.A.D. to the end of their official name, for example Club Atlético de Madrid, S.A.D. Every club which plays in

La Liga The Campeonato Nacional de Liga de Primera División, commonly known as the Primera División or La Liga, and officially known as LaLiga EA Sports for sponsorship reasons, is a professional association football league in Spain and the highest ...

Segunda División The Campeonato Nacional de Liga de Segunda División, commonly known as Segunda División or La Liga 2, and officially known as LaLiga HyperMotion for sponsorship reasons, is the men's second professional association football division of the Spa ...

Liga ACB The Liga ACB, known as Liga Endesa for sponsorship reasons, is the top professional basketball division of the Spanish basketball league system. Administered by the Asociación de Clubs de Baloncesto (ACB), Liga ACB is contested by 18 teams, w ...

and remains in the league is obliged to convert to S.A.D. status. However, this obligation was eliminated in 2022. For historical reasons, Athletic Club,

FC Barcelona Futbol Club Barcelona (), commonly known as FC Barcelona and colloquially as Barça (), is a professional Football club (association football), football club based in Barcelona, Catalonia, Spain, that competes in La Liga, the top flight of ...

Real Madrid Real Madrid Club de Fútbol (), commonly referred to as Real Madrid, is a Spanish professional Football club (association football), football club based in Madrid. The club competes in La Liga, th ...

and

Osasuna Club Atlético Osasuna (, ''Osasuna Athletic Club''), or simply Osasuna, is a Spanish professional association football, football club based in Pamplona, Navarre. It was founded on 24 October 1920 and plays in La Liga, the top division of Spanish ...

were allowed to retain their status as non-commercial sports associations.

References

External links

List of SAD at CSD website

91360.co , sport business website
{{DEFAULTSORT:Sociedad Anonima Deportiva Law of Spain Sports organisations of Spain Sports terminology Corporate law Legal entities Types of business entity

See also

References

External links