glasgowwired
Scotland
Deadline extended for Goals Soccer Centres takeover bid
Published: 30th Apr 2012 09:48:45
East Kilbride firm Goals Soccer Centres has won more time to allow a takeover bid from a Canadian pension fund.
Earlier this month, Goals confirmed it had received an approach from the Ontario Teachers' Pension Plan.
Under the financial regulator's takeover code, a deadline of 30 April was set for the pension scheme to either submit a firm bid or confirm that it had pulled out.
However, the deadline has now been extended by two weeks.
The pension fund owns Maple Leaf Sports and Entertainment, which houses a number of Canadian sports teams.
Goals currently has 42 centres in the UK and one in Los Angeles.
In February, the company reported a 21% rise in pre-tax profits to £9.2m, despite being hit by a tax ruling that cost it £800,000.
Harvard Citation
BBC News, 2012. Deadline extended for Goals Soccer Centres takeover bid. [Online] (Updated 30 Apr 2012)Available at: http://www.glasgowwired.co.uk/news.php/1425437-Deadline-extended-for-Goals-Soccer-Centres-takeover-bid [Accessed 23rd May 2013]
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