Two Scotland-based five-a-side football companies which dominate the UK market for renting pitches are widely expected to be on the verge of merging.
On Monday morning, Powerleague, who are owned by Patrol Capital and have over forty-five, five-a-side football pitches throughout the UK announced that it was considering a bid for Goals Soccer Centres.
Goals Soccer Centres are a East Kilbride firm who have pitches throughout the UK and are currently listed on the Alternative Investment Market of the London Stock Exchange; and has been valued at more than £61 million in recent trading, though shares were lifted on news of a potential bidding war.
Should the bid from Powerleague go ahead, it would mean the five-a-side football pitch company will be in a contest with the Ontario Teachers Pension Fund, who opened talks on making an offer for Goals Soccer in April 2011.
Under the City Code on Takeovers and Mergers the Canadian asset managers are required to table a firm bid or withdraw by 9 July, while the newly-announced interest from Powerleague requires a firm bid or withdrawl by the end of July.