Sociedade Anónima Desportiva
Encyclopedia
Sociedade Anónima Desportiva ("Public limited sports company") is a special type of public limited company
(SA
) in Portugal
. The new legal status was introduced in the early 2000s to improve financial management and transparency in sports clubs. Many Portuguese football and basketball
clubs add the suffix S.A.D. to the end of their official name.
Public limited company
A public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
(SA
S.A. (corporation)
S.A. designates a particular type of corporation in various countries, mostly those employing the civil law. It originated in Spain during the 16th century. Depending on language, the abbreviation stands for various phrases meaning anonymous society, anonymous company, anonymous partnership, or...
) in Portugal
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
. The new legal status was introduced in the early 2000s to improve financial management and transparency in sports clubs. Many Portuguese football and basketball
Basketball
Basketball is a team sport in which two teams of five players try to score points by throwing or "shooting" a ball through the top of a basketball hoop while following a set of rules...
clubs add the suffix S.A.D. to the end of their official name.