S.L. Benfica - Benfica As A Company

Benfica As A Company

Sport Lisboa e Benfica-Futebol SAD was created by João Vale e Azevedo in 10 February 2000 with an initial equity of 75 million €. The creation of an autonomous entity to manage the professional football team had 5 major reason's:.

• Participation in professional competitions, both national or internacional.
• Development of football players.
• Exploration of TV right's, both on closed or open channel.
• Management of image right's of the players.
• Exploration of the Benfica brand by the professional football team.

Benfica SAD entered the PSI-20 in 21, May 2007 with an initial stock value of 5 € on 15,000.001 shares. In 15, June, 2007, Joe Berardo launched an Initial public offering on Benfica, SAD for 3,5€ a share.

In December 2009, Benfica SAD, after vote of his members, decided to increase its equity to 115 million € by absorbing Benfica Estádio, SA. The initial equity of 75 million € was by then, completely lost, when the SAD was on Balance sheet insolvency. This increase in equity means that 7,999.999 more shares are now on Stock market. Benfica valued them at 5€ each. They were admitted to the stock market in 14 June 2012.

In Portugal, company's in the stock market index are obligated to provide information to his shareholders and CMVM. The most recent information was published in 19 September 2012.

Every semester a more detailed information is published.

In recent history, Benfica SAD posted a 11,7€ million lost in the full year of the 2011-12 despite earning more than 20€ million prize money at the Champions League and generating more than 38M€ with the sale of Fábio Coentrão and Roberto. In the previous year it posted 7,6€ million lost, though the sale of David Luiz to Chelsea FC in 31 January 2011, produced a €19 million income.