Deadline extended for Goals Soccer Centres takeover bid

Football resting against net Goals operates 42 centres in the UK and one in America

East Kilbride firm Goals Soccer Centres has been granted another extension to a possible takeover bid from a Canadian pension fund.

At the end of April, financial regulators extended by two weeks an initial deadline for the Ontario Teachers' Pension Plan to submit a firm bid or withdraw from the process.

The takeover panel has now agreed to a further extension to 11 June.

It said the two parties were still holding talks over a possible offer.

In a statement, the panel said: "The company remains in offer discussions with Ontario Teachers' Pension Plan which is currently reviewing information which has been made available to it, subject to strict terms of confidentiality, by the company.

"The anticipated timetable for the completion of these discussions is consistent with the extended deadline."

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.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories



  • Firth of Forth bridgeWhat came Firth?

    How the Forth was crossed before the famous bridge

  • Petrol pumpPumping up

    Why are petrol prices rising again?

  • Image of George from Tube CrushTube crush

    How London's male commuters set Chinese hearts racing

  • Elderly manSuicide decline

    The number of old people killing themselves has fallen. Why?

  • TricycleTreasure trove

    The lost property shop stuffed with diamonds, bikes... and a leg

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.