Mike Ashley-backed Goals Soccer Centres puts itself up for sale

August 29, 2019 @ 16:13 by Steven Hugill

A five-a-side football pitch operator backed by Newcastle United owner Mike Ashley has put itself up for sale.

Goals Soccer Centres has today (Thursday, August 29) revealed it is inviting offers for the business and its assets.

The company, which has sites in Newcastle, Sunderland and Middlesbrough, is backed by Newcastle United owner Mike Ashley, who holds an 18.92 per cent stake through his Sports Direct International business.

A spokesperson said: “The company confirms it has commenced a process to invite offers for the business and assets of the company.

“This process is being conducted by Deloitte LLP and follows their previous appointment as advisors to assess future corporate options for the company, announced on June 18.

“There is no certainty as to the timetable or outcome of this process. Shareholders will continue to be kept informed of developments as appropriate.”

Earlier this month, Goals revealed it had found evidence of “improper behaviour within the company (that) involved a number of individuals for a period since at least 2010.”

A spokesman added the findings mean there is “material uncertainty in relation to the historic financial statements published by the company.”