Bid hope boost for Goals

 
Footie fever: Five-a-side tournament events have been growing in the UK
2 April 2012

Shares in Goals Soccer Centres jumped more than 15% after the five-a-side football centres operator confirmed that it has received a bid approach from the Ontario Teachers’ Pension Plan.

Goals’ shares rose 16p to 125p, valuing the group at £61 million.

Investors have become concerned over the past six months that Goals was suffering as corporate clients reduced their use of its pitches to save money.

But recently it announced it had found a new way of building centres costing far less than they had historically.

The group runs 43 centres in the UK and one in Los Angeles.

Goals Soccer Centres told the stock market: “The company confirms that it has received a preliminary approach from Ontario Teachers’ Pension Plan that may or may not lead to an offer being made for the company.

“There can be no certainty that an offer will be made for Goals, nor as to the terms on which an offer may be made.”

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy notice .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in