Mike Ashley takes 5% stake in 5-a-side football firm Goals Soccer Centres

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Mike Ashley has snapped up a 5% stake in beleaguered five-a-side football business Goals Soccer Centres through Sports Direct, in his latest raid on another listed company.

Bosses from both businesses have not met previously and it is understood Goals’ management were only made aware of the deal on Friday night.

Both sides are expected to meet later this year but Sports Direct remained tight-lipped over its intentions, although a quick sale could see the company make a fast profit as shares jumped 4.9% to 139.99p.

Ashley has previously bought stakes in Debenhams and used it as leverage to meet with management and launch Sports Direct concessions in eight of its department stores.

A stake in House of Fraser is now being used to push for a Lillywhites concession, and an investment in Tesco was used to create a working relationship with the supermarket.

Goals has suffered three profit warnings this year, the latest just a week ago as better weather failed to improve football pitch bookings.

Source Article from http://www.standard.co.uk/business/mike-ashley-takes-5-stake-in-5aside-football-firm-goals-soccer-centres-a3115641.html

November 16, 2015 |
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