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In page Philips:

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In 1913, in celebration of the 100th anniversary of the liberation of the Netherlands, Philips founded Philips Sports Vereniging (Philips Sports Club, now commonly known as PSV). The club is active in numerous sports but is now best known for its football team, PSV Eindhoven, and swimming team. Philips owns the naming rights to Philips Stadium in Eindhoven, which is the home ground of PSV Eindhoven.[citation needed]