Sporting Clube de Portugal hereby noted that the Board of Directors and Fiscal and Disciplinary Council have agreed to hold a Management Audit and the consequential extension of the dates which were previously announced, in order to guarantee that the quality of the project is not jeopardised.

This decision has been taken due to the complexity of the issues involved, as well as the unequivocal and uncompromising will of the Board of Directors and Fiscal and Disciplinary Council to ensure that even the smallest detail affecting the Club is analysed in order that the fans and Members.

The quantity of documents being analysed is substantially greater than that which was first estimated, with documentation from before 1995 also included. These documents are in a poor state due to poor storage and, as such, are difficult to read.

In that respect the Board of Directors and the Fiscal and Disciplinary Council has extended its deadlines in order to guarantee the quality of the audit.

Work began on the 2nd of January 2014 and is proceeding with the highest level of dedication. The delays noted above are not a reflection of the work being put in, but rather efforts to guarantee quality.

This delay will not result in any additional cost for Sporting Clube de Portugal. The Board of Directors and the Fiscal and Disciplinary Council will communicate new dates following the conclusion of the first phase.


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