Six-a-side football pitches operator Goals Soccer Centres has confirmed it has received a preliminary approach from the Ontario Teachers' Pension Plan which may possibly lead to an offer for the company.
The statement was made in response to press speculation that the private equity arm of the Canadian pension fund is interested in taking the group private.
The pension fund has a track record of owning sport-related assets, being the owner of Toronto FC, a club in the Canadian football league.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Goals, which recently announced a 21% increase in annual pre-tax profit despite a softening of demand for corporate events and birthday parties, has 43 football centres, including one in Los Angeles.
JH
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
