Raymond Doherty 12 Aug 2019 03:32pm

Goals Soccer Centres executives under investigation

Goals Soccer Centres has revealed that its former CEO Keith Rogers and former finance director Bill Gow are under investigation over financial irregularities

A report last week accused the two executives of creating “fictitious documents” and the troubled football pitch operator announced it would delist from the stock market while investigators examine its 2018 audit. Gow and Rogers co-founded Goals in 2000.

In a statement today Goals said, “Following press speculation, the company can confirm that 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 misstatement of historic financial statements.”

It added, “The company can confirm no finalised conclusions have yet been reached, although as stated in the 2 August 2019 announcement by the company it is clear inappropriate actions have taken place.”

Shares have been suspended in the business since March, when Goals’ auditor BDO uncovered misdeclared tax liabilities worth £12m.

In addition, over the weekend the Sunday Times reported that City watchdog the Financial Conduct Authority (FCA) has launched its own investigation into allegations of fraud at the five-a-side football group. The FCA would not comment on the report.

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.