Sociedad Anónima Deportiva

Sociedad Anónima Deportiva

Spanish legal status for sports companies
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Sociedad anónima deportiva ("Public limited sports company") is a special type of public limited company in Spain. The new legal status was introduced in 1990 to improve financial management and transparency in sports clubs. Many Spanish football and basketball clubs add the suffix S.A.D. to the end of their official name, e.g. Club Atlético de Madrid, S.A.D..

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