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.
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Investors will reap long-term rewards from UK equitiesOpinion Nick Train, portfolio manager, Finsbury Growth & Income Trust, highlights three UK equities where he’d put his money
-
The graphene revolution is progressing slowly but surelyEnthusiasts thought the discovery that graphene, a form of carbon, could be extracted from graphite would change the world. They might've been early, not wrong.
