Goals Soccer Centres confirms investigation of former execs over accounting scandal
Troubled five-a-side football operator Goals Soccer Centres confirmed today it is investigating its former chief executive and chief financial officer in connection to an accounting scandal that has rocked the company.
Former chief executive Keith Rogers and former chief finance officer Bill Gow had been named in previous press reports as subjects of investigations.
Read more: City watchdog launches fraud probe into Goals Soccer Centres
Goals today said: “Actions undertaken by Mr Gow and Mr Rogers while employees and directors of the company form part of the current investigations of the Company into the mis-statement of historic financial statements.”
The five-a-side football operator announced earlier this month that it was to delist from the stock market after an investigation into its accounting practices found “improper behaviour”.
Trading in its shares was suspended in March after it said it had made a “substantial misdeclaration of VAT” totalling approximately £12m.
Read more: Mike Ashley-backed Goals Soccer Centres to delist from stock market after ‘improper’ accounting
Yesterday, the Sunday Times reported that City watchdog the Financial Conduct Authority (FCA) had opened a probe into alleged fraud at the company.
Goals today said: “The company can confirm no finalised conclusions have yet been reached, although as stated in the 02 August 2019 announcement by the company it is clear inappropriate actions have taken place. Once the company has concluded its findings the directors, alongside its advisers, will take appropriate action and liaise with the appropriate authorities.”