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Sociedad Anónima Deportiva
Type of business entity in Spain
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. Every club which plays in Segunda Divi... en.wikipedia.org
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