Sports Direct takes stake in five-a-side firm Goals

Picture: Lisa Ferguson
Picture: Lisa Ferguson
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Five-a-side football pitch operator Goals Soccer Centres saw its shares jump yesterday as Mike Ashley’s Sports Direct business revealed it has bought a stake of just under 5 per cent in the Scottish-based business.

Sports Direct has bought the stake of just under 2.9 million shares – or 4.94 per cent – in the East Kilbride-based firm via a contract for difference agreement, although it is not known what the company’s intentions are.

Ashley, who also has a stake in Rangers and owns Newcastle United, has previously bought shares in other listed firms including Debenhams, House of Fraser and Tesco.

Earlier this month Goals, which operates 46 centres in the UK and has also expanded into the US, delivered another profit warning on the back of tough trading.