Score? Goals Soccer Centres shares have shot up after its chief executive quit

 
Emma Haslett
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Porto Cervo Summer 2015 - Five-a-side Football Tournament Day Six
Goals Soccer Centres unveiled a fall in profits earlier this year (Source: Getty)

Shares in five-a-side specialist Goals Soccer Centres shot up this morning after it said its chief executive was stepping down.

The company's shares rose three per cent to 93p in early trading after it said in a statement Mark Jones had notified the board of his intention to take another role in the private sector.

Last month shares in the company slumped 10 per cent after it said profits had fallen 25.7 per cent to £2.6m in the six months to the end of June.

It admitted its turnaround plan was taking "slightly longer than anticipated", thanks to underperforming clubs which had "not received the required level of arena investment". It also said it was "highly cautious" about pressure on consumer spending.

However, it has scored some goals: in July it established a partnership with Manchester City owner City Football Group to expand further into the US. The 50:50 joint venture absorbed its two existing sites in Los Angeles, and provided $16m (£12m) to finance new openings in the US.

In August Mike Ashley, the owner of Sports Direct, took a £2m stake in the company.

Today the company said the search for a successor for Jones had already begun, although it added that he will stay in his post until the right person is found.

Read more: Sports Direct's Ashley takes a shot with £2m stake in Goals Soccer Centres

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