Patron enters takeover battle for Goals
Retired Canadian teachers may have to go to extra time in their attempt to buy Goals Soccer Centres, after the owners of rival five-a-side football outfit Powerleague joined the fray.
Shares in Goals shot up 7 per cent or 9.5p to 136.5p amid hopes of a takeover battle as the company said Patron Capital, the private-equity group behind Powerleague, had approached Goals and started due diligence on its books.
Until now, Goals' only wooer was the Ontario Teachers' Pension Plan, which approached the five-a-side operator in April with a deal valued at up to £77m.
Now Aim-listed Goals, which runs 42 football sites across the UK – many of them former school playing-fields – plus one in Los Angeles, says it is still talking to the Canadian pension fund as well as looking at Patron's approach.
The Ontario fund owns National Lottery operator Camelot in Britain as well as the Toronto Maple Leafs hockey team in its native land.
It has a "put up or shut up" deadline to make a firm offer for Goals or walk away by next Monday.
Goals netted a 21 per cent rise in pre-tax profits to £9.2m last year, on revenues up 9 per cent to £30.4m.
Gay couple beaten in park urge MPs to moderate language on gay marriage
Strewth mate. Aussies wave goodbye to Britain as it becomes too pricey to stay
World news in pictures
X marks the spot: The find that could rewrite Australian history
At least 91 feared dead including 20 children as massive tornado rips through Oklahoma
- 1 Tottenham to smash pay scale with £150,000-a-week contract in attempt to tie Gareth Bale to club
- 2 Austerity has hardened the nation's heart
- 3 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 4 Be more professional! GCHQ staff rapped as WikiLeaks founder Julian Assange reveals messages that he says point to 'fit up'
- 5 Top A&E doctors warn: 'We cannot guarantee safe care for patients anymore'
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£500 per day: Orgtel: A top tier banking client urgently requires Finance Busi...
£425 - £550 per day: Orgtel: Senior Finance Project Manager - £550 - Bristol -...
£150 - £250 per day: Orgtel: KYC Analyst - London - Banking - £150-250/day C...
£500 per day: Orgtel: A top tier banking client urgently requires Finance Gove...