Sports Direct launches takeover bid for Goals Soccer Centres

Sports Direct London

Mike Ashley is continuing his acquisition spree after the Sports Direct boss launched an official takeover bid for Goals Soccer Centres.

Sports Direct already owns 18.93% of the sports pitch operator and has offered 5p a share for just over 80 percent of the remaining shares – much lower than Goals’ 27.2p closing price on its last day of trading before shares were suspended in March.

Goals announced at the end of August that it had started a process to invite offers for the business and assets of Goals - an AMA process - Goals also stated that there was no certainty as to the timetable or outcome of this process and there has been no further announcement. 

Sports Direct said it belives the board of Goals is ”not committed to maintaining Goals’ trading facility” and it seems only interested in ”pursuing the AMA Process whilst, at the same time through the loss of the trading facility, depriving Goals’ shareholders of the ability to vote on it”. 

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