PSV meaning in Business ?

Answer:

What is Philips Sport Vereniging mean?

Eindhovense Voetbalvereniging Philips Sport Vereniging (Dutch pronunciation: [ˈfilɪps ˌspɔrt fəˈreːnəɣɪŋ]; English: Philips Sports Union), abbreviated as PSV and internationally known as PSV Eindhoven (pronounced [ˌpeːjɛsˈfeː ˈɛintˌɦoːvə(n)]), is a Dutch sports club from Eindhoven, Netherlands, that plays in the Eredivisie, the top tier in Dutch football. It is best known for its professional football department, which has played in the Eredivisie since its inception in 1956. Along with Ajax and Feyenoord, PSV is one of the country's "big three" clubs that have dominated the Eredivisie.

The club was founded in 1913 as a team for Philips employees. PSV's history contains two golden eras revolving around the UEFA Cup victory in 1978 and the 1987–88 European Cup victory as part of the seasonal treble in 1988. The team has won the Eredivisie 24 times, the KNVB Cup nine times and the Johan Cruyff Shield twelve times. Currently (as of May 2021), PSV is ranked 56th on the UEFA club coefficients ranking.Throughout the years, PSV established itself as a stepping stone for future world class players like Ruud Gullit, Ronald Koeman, Romário, Ronaldo, Phillip Cocu, Jaap Stam, Ruud van Nistelrooy, Arjen Robben, Georginio Wijnaldum and Memphis Depay.

Since its foundation, it has played in the Philips Stadion and has upheld its club colours (red and white). Its elaborate connection with Philips can be witnessed in its sponsoring, shared technology and board member ties. Fans have named themselves 'boeren' (Dutch pronunciation: [ˈbuːrə(n)], Dutch for either peasants or farmers), taking pride in Eindhoven's status of being a provincial city and their Brabantian heritage.

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