Goals Soccer Centres calls in Serious Fraud Office October 28, 2019 Five-a-side football company Goals Soccer Centres has called in the Serious Fraud Office to investigate a case of potential accounting fraud. The firm has passed files of evidence to the authorities in the last ten days after Goals was forced to delist from the London Stock Exchange, Sky News reported. Read more: Sports Direct says [...]
Mike Ashley urges MPs to look into Debenhams collapse October 27, 2019 Mike Ashley has redoubled his efforts to have the collapse of Debenhams investigated and lambasted MPs for not being more interested in the failure of the high-street department store. Read more: Mike Ashley kicks off £4m takeover for Goals Soccer Centres In a letter to business select committee chair MP Rachel Reeves, seen by the [...]
Sports Direct ends two-month wait for new auditor, appointing RSM October 23, 2019 Sports Direct has appointed an auditor two months after Grant Thornton quit as billionaire Mike Ashley’s company’s accountant. Read more: Sports Direct launches ‘skulduggery’ screed against Goals Soccer Centres RSM will now take up the post. The auditor had most recently stepped in to look after Patisserie Valerie’s accounts after the bakery chain became embroiled [...]
Goals Soccer Centres: Sports Direct says ‘skulduggery’ wiped out shareholders October 23, 2019 Retailer Sports Direct has today blasted the management of Goals Soccer Centres after the five-a-side football firm delisted from Aim after an accounting scandal. Goals suspended shares in March after saying its financial results contained a misdeclaration of VAT, leaving a black hole in its accounts of more than £12m. Read more: Goals Soccer Centres [...]
Hearthstone is caught in a Blizzard over Hong Kong protest October 17, 2019 The protests in Hong Kong have featured prominently in the news cycle since kicking off in March. All across the world, we’ve seen extensive coverage of the outbreaks of violence, as well as the excessive use of force by police to suppress the demonstrations. It’s likely that you’ve been following the story, but what you [...]
The Hundred draft: How it will work, when it is happening and where to watch it October 16, 2019 English cricket is set to break new ground this weekend when a draft process takes place for The Hundred ahead of next summer’s much-anticipated start date. The look of the new eight-team, 100-ball competition, due to run from 7 July to 16 August 2020, has been gradually rolled out. Over recent months, the format, team [...]
Sports Direct calls for probe into Nike and Adidas October 14, 2019 Sports Direct called this evening for a competition probe into the market dominance of sportswear brands such as Nike and Adidas. In a statement, the company said top brands “use their market power to implement market-wide practices aimed at controlling the supply and, ultimately, the pricing of their products”. Read more: Corbyn kicks up fresh [...]
Debenhams secures extra £50m funding for Christmas period October 10, 2019 Debenhams has secured an extra £50m from its lenders to support the struggling department store through the crucial Christmas trading period. Last month the retailer approached its investor consortium – which bought the company out of administration – for the additional financing, on top of the £200m secured in March this year. Read more: Debenhams [...]
‘Safe pair of hands’ Chris Silverwood brings continuity rather than innovation to England head coach role October 7, 2019 The appointment of Chris Silverwood as England’s new head coach is one which sees the England and Wales Cricket Board’s hierarchy backing continuity, rather than innovation. Silverwood has stepped up from his role of bowling coach, which he has performed for the last two years, to fill the shoes of Trevor Bayliss in an act [...]
Corbyn kicks up fresh row with Ashley October 7, 2019 A new footballing rivalry was formed over the weekend after Jeremy Corbyn took aim at retail tycoon Mike Ashley for his running of Newcastle United. The Labour leader has taken his war on corporate bosses to the football pitch after branding the high street billionaire “a bad owner” and accusing him of self-interest. “[Clubs] are [...]