Money: Struggling Goals Soccer Centres up for sale - PressFrom - United Kingdom
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MoneyStruggling Goals Soccer Centres up for sale

13:30  29 august  2019
13:30  29 august  2019 Source:   news.sky.com

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Goals Soccer Centres . Quick play. Fast pace. And lots of fun. Goals are the worlds biggest small sided game operator with over 50 centres across the UK - and every moment is now #madewithmitre. sign up for all the latest news, products and special offers from mitre

Goals Soccer Centres is an operator of dedicated 5-a-side football centres based in East Kilbride with 45 locations in the UK and four in Los Angeles . Headline brand partnerships are with Lucozade, Mitre Sports International and BT Sport.

Five-a-side football pitch operator Goals Soccer Centres has put itself up for sale, weeks after it disclosed accounting issues going back almost a decade.

Struggling Goals Soccer Centres up for sale © Other Goals Soccer Centres has 45 sites in the UK

Shares in the company - whose biggest shareholder is Mike Ashley's Sports Direct - have been suspended since March as a probe into the issues took place and earlier this month revealed a far deeper scandal than previously thought.

Goals said on Thursday that it had "commenced a process to invite offers for the business and assets of the company".

Sky News revealed in June that the company, which is Britain's second-largest five-a-side football venue operator, was preparing to launch a sale process.

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Sales and Marketing at Goals Soccer Centres PLC. Recent updates. Goals Soccer Centres . 1,088 followers. Follow Goals Soccer Centres to stay up -to-date with news, articles and jobs.

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Goals said in March that it had "substantially misdeclared" VAT going back over a period of several years, to a value then estimate at £12m, and that it was examining past accounting practices.

It has been in discussions with HM Revenue and Customs about resolving the shortfall.

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Earlier this month, it said it had become clear that there had been "improper behaviour within the company" involving "a number of individuals for a period since at least 2010".

That prompted it to delay the publication of full-year financial results, though Goals did reveal that like-for-like sales for the year-to-date at its 45 UK sites were up by 11.5%.

Goals, which employs about 700 people, had a market value of £20m when its shares were suspended though it was unclear what this might translate to in any sales process.

Mr Ashley, whose Sports Direct business owns just under 19% of the company, has lambasted Goals' directors over their handling of the accounting scandal.

Sports Direct has demanded a "root and branch investigation", adding in a letter to the company in July that it was "difficult to understand how this could be allowed to happen".

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