Sociedade Anónima Desportiva ("Public limited sports company") is a special type of

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 ...

( SA) in

Portugal Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. Featuring Cabo da Roca, the westernmost point in continental Europe, Portugal borders Spain to its north and east, with which it share ...

. The new legal status was introduced in the 1990s to improve financial management and transparency in

sports clubs A sports club or sporting club, sometimes an athletics club or sports society or sports association, is a group of people formed for the purpose of playing sports. Sports clubs range from organisations whose members play together, unpaid, and ...

. Many Portuguese

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 SAD to the end of their official name.

References

Law of Portugal Sports organisations of Portugal Sports terminology Corporate law Legal entities Types of business entity {{business-stub

See also

References