Make your money go further for just 25p per day

Sports Direct struggles to manage Goals

Football field managed by Goals Soccer Centre in floodlights

Having failed to gain control of Debenhams, Mike Ashley’s Sports Direct has turned its attention to its other failing investment in Goals Soccer Centres, the operator of small-sided football centres in the UK and California in which it holds a 19% stake. But, as was the case with Debenhams, things aren't really going Mr Ashley's way.

Mike Ashley's determination to create the 'Harrods of the high street' has seen Sports Direct (LON: SPD) take stakes in several retailers in the last few years. Some of those acquisitions have performed worse than others. Goals Soccer Centres (LON:GOAL), for example (in which the company has a 19% stake), has struggled for several years and a £12m under-declaration of VAT (which could increase) has pushed the group to the brink. Shares in the company are currently…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login

Previous article Next article

Have your say

Log in or register to view or add comments.


Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.



Become a champion investor for just £90 a year. Benefit from our high performing portfolios:


More on Goals Soccer Centres

Do non-executive directors really add value to smaller quoted companies?

12/08/2019 · Company Insights

The failure of Patisserie Holdings and more recently Goals Soccer Centres, has thrown the spotlight on…

Non-executive directors: a lesson in governance

12/08/2019 · Podcasts

As you will hear in this interview, Chris Boxall, from our associates at Fundamental Asset Management,…

More on Sports Direct International PLC

Coronavirus impact: 27 March - a dividend is paid, for once

27/03/2020 · Company Insights

Company results are largely ignored as ‘Covid-19’ updates dominate the headlines and where availability of cash…

Coronavirus impact: 24 March - lockdown

24/03/2020 · Company Insights

It's official (or not quite), Boris Johnson has put the UK as close to lockdown as…

More Company Insights

Agronomics: illustrates the crazy nature of the market

13/05/2021 · Agronomics

Bonkers Bargains: Where there’s muck…