Mike Ashley-backed Goals Soccer Centres suspends shares

  • Football Premium
  • Wednesday, 27 Mar 2019

Soccer Football - Premier League - Newcastle United v Leicester City - St James' Park, Newcastle, Britain - September 29, 2018 Newcastle United owner Mike Ashley REUTERS/Scott Heppell

(Reuters) - Five-a-side football pitch operator Goals Soccer Centres suspended trading in its shares on Wednesday after saying it had identified "substantial misdeclaration" of value added tax (VAT) as part of an ongoing investigation into historical accounting errors.

The company, in which Sports Direct and Newcastle United owner Mike Ashley has an 18.92 percent stake, said it was yet to establish the final value of misdeclarations but that the value identified so far was about 12 million pounds.

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