CMVM suspends trading of Sporting CP shares
Suspension may be related to the disclosure of Rúben Amorim as the new coach of Sporting Clube de Portugal.
Sporting Clube de Portugal’s SAD shares were suspended this morning and may be associated with the disclosure of the new coach’s for the main football team. On Tuesday, it was Silas himself, the current coach of Sporting, who confirmed that Rúben Amorim will succeed him. However, the club didn’t confirm the information yet.
After the transfer of the current coach of Sporting Braga to Alvalade, during the press conference on Tuesday that followed the match against Famalicão, Silas confirmed that this was his last match at the helm of the Sporting main football team. He also said that Rúben Amorim would succeed him at the head of the team.
Despite this, the club from Lisbon has not yet made an official announcement to the Securities Market Commission (CMVM). Sporting’s shares suspension anticipates this communication.
Also on Tuesday, SIC Notícias advanced details of the contract between Rúben Amorim and Sporting. Namely, which will be valid until 2023 (three seasons) and a termination clause of 20 million euros.