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==Organization and finances== PSV was an [[Sports club|association]] (''vereniging'') until 1999, when it became a [[public limited company]] with shareholders (''[[naamloze vennootschap]]''). It meant that the club installed a [[board of directors]], who are not involved in most of the decision-making processes. Instead, they serve as an advising and supervising entity. All shares but one are owned by a [[Foundation (nonprofit)|foundation]], the Foundation PSV Football. The remaining share is owned by the Eindhoven Football Club PSV, another separate entity. The general manager holds responsibility for all activities regarding the club, and is supported by a manager operations and a treasurer. PSV also appoints a [[director of football]], who manages football-related processes such as transfers (in conjunction with the technical staff), in order to control the long-term planning.<ref name="organisation">{{cite web |title=Organisation |url=http://www.psv.nl/Club/Organisation.htm |publisher=PSV.nl |access-date=29 June 2013 |archive-url=https://web.archive.org/web/20140714205757/http://www.psv.nl/Club/Organisation.htm |archive-date=14 July 2014 |url-status=dead }}</ref> PSV was founded by [[Philips]] and in the first decades, the club was only open to employees. The club did sign players from elsewhere, however; one of the perks of playing for PSV was that players who were offered a football contract were always offered a Philips job as well. Philips has been kit sponsor since 1982 and the PSV home ground has included the Philips name since its foundation. The company was paying €7.5 million per year for the sponsoring when they ended their kit sponsorship role in 2016.<ref name="phiipspsv">{{cite web |title=Philips en PSV: spannende relatie of verstandshuwelijk? |url=http://www.molblog.nl/bericht/Philips-en-PSV-spannende-relatie-of-verstandshuwelijk/ |publisher=Molblog |access-date=29 June 2013 |archive-url=https://web.archive.org/web/20130816192449/http://www.molblog.nl/bericht/Philips-en-PSV-spannende-relatie-of-verstandshuwelijk/ |archive-date=16 August 2013 |url-status=dead }}</ref><ref name="phiipspsv100">{{cite web |title=PSV extend Philips relationship beyond 100 years |date=10 March 2011 |url=http://www.sportspromedia.com/news/psv_extend_philips_relationship_beyond_100th_year/ |publisher=Sports Pro Media |access-date=29 June 2013 |archive-date=14 July 2014 |archive-url=https://web.archive.org/web/20140714165433/http://www.sportspromedia.com/news/psv_extend_philips_relationship_beyond_100th_year/ |url-status=live }}</ref> [[Frits Philips]], chairman of the company between 1961 and 1971, became an icon for PSV during his lifetime. At five years of age, he conducted the ceremonial kick-off at the first Philips Elftal match in 1911.<ref name="philipselftal"/> Frits Philips would become intertwined with PSV and Eindhoven; his 100th birthday was widely celebrated in the city. Frits Philips had his own spot in the stands until his death and would sometimes provide pep talks to the squad during half-time.<ref name="frits">{{cite web |title=De man die Philips een gezicht gaf |url=http://vorige.nrc.nl/economie/article1633205.ece |publisher=NRC Handelsblad |access-date=29 June 2013 |archive-url=https://web.archive.org/web/20140714135247/http://vorige.nrc.nl/economie/article1633205.ece |archive-date=14 July 2014 |url-status=dead }}</ref> PSV was often a way for Philips to introduce its technology to the public. In 1950, a match between PSV and FC Eindhoven was the first televised match in the Netherlands, with Philips supplying the technique.<ref name="third"/> And in 1958, Philips installed four [[Floodlights (sport)|floodlights]] in the stadium.<ref name="floodlights">{{cite web |title=De eerste lichtwedstrijd in het PSV-stadion |url=http://www.sportgeschiedenis.nl/2011/05/07/de-eerste-lichtwedstrijd-in-het-psv-stadion.aspx |publisher=Sportgeschiedenis.nl |access-date=29 June 2013 |url-status=dead |archive-url=https://web.archive.org/web/20150120053854/http://www.sportgeschiedenis.nl/2011/05/07/de-eerste-lichtwedstrijd-in-het-psv-stadion.aspx |archive-date=20 January 2015 }}</ref> PSV's budget in 2011 was €60 million.<ref name="noshelp">{{cite web |title=Eindhoven schiet PSV te hulp |date=25 May 2011 |url=http://nos.nl/artikel/243179-eindhoven-schiet-psv-te-hulp.html |publisher=NOS |access-date=29 June 2013 |archive-date=14 February 2014 |archive-url=https://web.archive.org/web/20140214103105/http://nos.nl/artikel/243179-eindhoven-schiet-psv-te-hulp.html |url-status=live }}</ref> Before 2011, PSV's budget would only remain balanced if the team would qualify for the UEFA Champions League every year. But disappointing performances since 2008 meant that the club ended up with a yearly €10–20 million negative balance, forcing the club to cut costs and obtain new revenues. The ground under the stadium and the training facilities were sold for €48.4 million to the Eindhoven municipality in a [[leasehold estate]] construction. PSV also took out a €20 million loan with Philips and additional loans with local entrepreneurs.<ref name="10questions">{{cite web |title=PSV: antwoord op 10 veelgestelde vragen |url=http://www.psv.nl/Nieuws/Nieuwspagina/PSV-antwoord-op-10-veelgestelde-vragen.htm |publisher=PSV.nl |access-date=29 June 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130508161517/http://www.psv.nl/Nieuws/Nieuwspagina/PSV-antwoord-op-10-veelgestelde-vragen.htm |archive-date=8 May 2013 }}</ref> The club also introduced sponsoring on the back of the player kits. Freo, part of De Lage Landen, was the company to present its name there.<ref name="freo">{{cite web |title=Freo nieuwe sponsor achterzijde shirt PSV |url=http://www.psv.nl/Nieuws/Nieuwspagina/Freo-nieuwe-sponsor-achterzijde-shirt-PSV.htm |publisher=PSV.nl |access-date=29 June 2013 |url-status=dead |archive-url=https://web.archive.org/web/20140715003006/http://www.psv.nl/Nieuws/Nieuwspagina/Freo-nieuwe-sponsor-achterzijde-shirt-PSV.htm |archive-date=15 July 2014 }}</ref> On 21 April 2016, it was announced that Dutch energy company energiedirect.nl would replace Philips as PSV's kit sponsor, starting from the 2016–17 season. The company signed a contract for three seasons and paid €6 million per year.<ref>{{cite web |title=PSV presents energiedirect.nl as new main sponsor |url=http://www.psv.nl/english-psv/news/article/psv-presents-energiedirect.nl-as-new-main-sponsor.htm |website=psv.nl |date=21 April 2016 |access-date=21 April 2016 |archive-date=2 October 2022 |archive-url=https://web.archive.org/web/20221002085322/https://www.psv.nl/english-psv/news/article/energiedirect.nl-presented-as-new-main-sponsor.htm |url-status=live }}</ref> Philips continues to be a sponsor, but has decreased their contribution to €3 million per year.<ref>{{cite web |title=Energiedirect nieuwe hoofdsponsor PSV |url=http://www.ad.nl/ad/nl/1433/PSV/article/detail/4286772/2016/04/21/Energiedirect-nieuwe-hoofdsponsor-PSV.dhtml |website=ad.nl |access-date=21 April 2016 |language=nl |archive-date=21 April 2016 |archive-url=https://web.archive.org/web/20160421182912/http://www.ad.nl/ad/nl/1433/PSV/article/detail/4286772/2016/04/21/Energiedirect-nieuwe-hoofdsponsor-PSV.dhtml |url-status=live }}</ref> In 2019, it was announced that Philips, [[ASML Holding|ASML]], [[Jumbo (supermarket)|Jumbo]], [[VDL Groep|VDL]] and the [[High Tech Campus Eindhoven|High Tech Campus]] will jointly sponsor PSV in the coming years, under the name of ‘Metropoolregio Brainport Eindhoven’ (Brainport Eindhoven Metropolitan Area), which will be displayed on the shirt.<ref>{{Cite web |date=25 March 2019 |title=PSV Deal: these are the new shirt sponsors |url=https://www.ad.nl/nederlands-voetbal/miljoenendeal-psv-dit-zijn-de-nieuwe-shirtsponsoren~adb36a66/ |access-date=29 July 2020 |website=Algemeen Dagblad |language=nl |archive-date=2 September 2019 |archive-url=https://web.archive.org/web/20190902181234/https://www.ad.nl/nederlands-voetbal/miljoenendeal-psv-dit-zijn-de-nieuwe-shirtsponsoren~adb36a66/ |url-status=live }}</ref><ref>{{Cite web |date=25 March 2019 |title=PSV announce unique partnership |url=https://www.psv.nl/english-psv/news/article/psv-announce-unique-partnership.htm |access-date=29 July 2020 |website=psv.nl |language=en |archive-date=8 November 2020 |archive-url=https://web.archive.org/web/20201108003210/https://www.psv.nl/english-psv/news/article/psv-announce-unique-partnership.htm |url-status=live }}</ref>
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