What: Five-a-side soccer group Goals Soccer Centres is in merger talks with its main rival company Powerleague.
Why it matters: Merging both Scottish companies would create one of the world’s biggest five-a-side football operators, bringing together close to 100 sites over the world, including countries like the U.S., Ireland, the UK and the Netherlands.
According to recent conversations between Goals Soccer Centres and Powerleague, both leaders in the UK are thinking about a possible merger. This would mean creating a five-a-side soccer giant globally, with presence in Europe, but also in the US.
There is no specific agreement on commercial or financial terms yet. But their significant combined presence in the UK has already triggered some thoughts regarding regulations. The UK’s Competition and Markets authority will look at the deal closely if both companies come to an agreement.
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This is not the first time the Scottish firms talk about a merger. They considered it back in 2012, but never came to sign anything. If the merger works this time, Goals has said it would likely become the majority shareholder of the combined company.
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(Feature image: www.softsurfaces.co.uk)
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