Another Portuguese club declared insolvent

After Académica OAF, another Portuguese club is in a delicate position.

SAD CD Cova da Piedade, a team that played in the Portuguese Second League until 2021, has become the latest Portuguese sports organization to file for insolvency.

After being relegated due to failing to submit all legal paperwork to play in the Segunda Liga in 2021/2022, Margem Sul’s SAD ended up playing in Ligue 3 and decided to suspend seniors this season and juniors. football 19.

In a conversation with Lusa, club president Paulo Veiga said he was waiting “further position from the club’s legal department.” However, the club, which is also one of the largest creditors of SAD do Cova da Piedade, is confident of a football asset as early as next season: “Guaranteed next season we will have a senior team and a junior team representing the colors of Cova da Piedade.”

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