Goals Soccer Centres loses £2m on its Los Angeles venture
Thursday 10 January 2013
Goals Soccer Centres' attempt to capitalise on the David Beckham effect in Los Angeles has cost it £2m, it emerged today.
The five-a-side football group said it had written down the value of its first US venture, which cost it £4.7m when it opened in 2010, by £2m, having overpaid to develop it. "The company now has a more detailed understanding of the specific requirements in the US and if further centres are developed they will cost significantly less," it said.
Goals hopes that US punters will be inspired by the former England captain's five-year stint for LA Galaxy and flock to the centre to play "soccer".
Goals, which has 43 outlets in the UK, said group sales were up 6 per cent last year.
- 2 Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
- 3 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Russian girl takes her own life after parents find pornography on her computer
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...