In line with its legal obligations, Sporting Clube de Portugal, Futebol, SAD has communicated its results to the Market Securities Commission for the final period of 2015, with a negative result of 18 million euros.

In order to avoid speculations based on a lack of information in relation to the results which have been presented, we note that the results are conditioned by two factors: 1. an unfavorable ruling in the case Doyen vs SCP; 2. elimination from the Champions League in the play-off round in circumstances which have previously been commented on.

We note that the impact of the ruling in the Doyen case is, at this time, provisionary, as the period for appeal is on-going. We would also like to highlight the influence of revenue generated by the team's excellent performance in Liga NOS, as well as the new commercial contracts negotiated by this administration, towards returning to a positive result during the next phase of reporting.