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Goals Soccer Centres asks SFO to investigate

Tuesday 29th October, 2019

Goals Soccer Centres a five-a-side football firm has asked the Serious Fraud Office to investigate a case of potential accounting fraud.

The firm has passed files of evidence to the authorities in the last ten days after Goals was forced to delist from the London Stock Exchange, Sky News reported.

Goals is currently subject to an investigation by the Financial Conduct Authority after trading in its shares were suspended in March this year. The firm said it had made a substantial misdeclaration of VAT accounting black hole was initially reported to be approximately £12m.

It said that “due to the identification of improper behaviour on the part of a small number of individuals historically within the company” it cannot accurately state how much it owes HMRC, Sky News reported.

In August the former chief executive and finance chief of Goals Soccer Centres were under investigation over historic financial irregularities.

Following this, the Goals' board has subsequently had to put the company up for sale making Sports Direct tycoon Mike Ashley the biggest shareholder.

Established in 2000 Goals operates 45 Football Association affiliated clubs across the UK and four clubs in Los Angeles and employs over 700 people.