Frances Ball 7 Aug 2019 11:10am

Goals' former executives accused of fraud

Two former executives at crisis-hit football pitch operator Goals have been accused of creating “fictitious documents”

Goals Soccer Centres announced last week that it would delist from the stock market while investigators carry out their work on the company’s 2018 audit.

Shares have been suspended since March, when BDO uncovered misdeclared tax liabilities worth £12m.

BDO also issued a report that pinpoints two former executives at the heart of the accounting fraud – former CEO Keith Rogers, and former finance chief Bill Gow, according to the Financial Times.

The two men co-founded Goals in 2000.

According to people briefed on the report, the FT reports, the two men “corroborated” to create “fictitious documents” that included invoices.

BDO took over as auditor from KPMG in June 2018. KPMG has since been accused of negligence by Goals’ board, and told to prepare for a legal challenge.

Reportedly, BDO concluded that Rogers “was aware that he was assisting Bill Gow with providing fictitious documents to the external auditors”.

BDO declined to comment.