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Goals in fundraising bid as profits tumble

GOALS Soccer Centres has tapped investors for £2.8 million after the five-a-side football operator was hit by a raft of charges, including a £1.1m bill incurred during the takeover attempt by a Canadian pension fund that was thwarted by investors last month.

NEW GOAL: The firm hopes to reduce its debt pile following a failed takeover bid by the Ontario Teachers' Pension Fund.
NEW GOAL: The firm hopes to reduce its debt pile following a failed takeover bid by the Ontario Teachers' Pension Fund.

A net total of £2.8m of exceptional costs sent Goals's pre-tax profit for the first half of its financial year down 84.3% on the same period last year to just £447,000.

The company's preferred measure of adjusted profit before income tax was up 10% to £4.4m for the six months to June 30, as like-for-like sales rose 2%.

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