{"id":2657,"date":"2018-09-28T16:28:50","date_gmt":"2018-09-28T16:28:50","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/powerleague-five-a-side-football-firm-to-close-13-sites\/"},"modified":"2018-09-28T16:28:50","modified_gmt":"2018-09-28T16:28:50","slug":"powerleague-five-a-side-football-firm-to-close-13-sites","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/powerleague-five-a-side-football-firm-to-close-13-sites\/","title":{"rendered":"Powerleague five-a-side football firm to close 13 sites"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Men playing five-a-side football at a Powerleague site\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/9BC9\/production\/_103618893_powerleague1.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Powerleague<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Powerleague operates 440 football pitches at 50 sites across the UK and Ireland<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">Five-a-side football operator Powerleague has put forward a rescue plan that will result in the closure of 13 sites and the loss of 109 jobs.<\/p>\n<p>The company plans the changes through an insolvency procedure known as a company voluntary arrangement (CVA).<\/p>\n<p>It has suffered three years of falling revenues and has failed to raise sufficient funds to pay for leases.<\/p>\n<p>Powerleague operates 440 football pitches at 50 sites across the UK and Ireland, employing over 580 people.<\/p>\n<p>&#8220;Without an approved CVA, Powerleague will not be able to secure the additional funds that the business needs and will most likely result in the company going into administration,&#8221; the company said.<\/p>\n<p>The 13 sites identified for closure are:<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\">Finchley<\/li>\n<li class=\"story-body__list-item\">Sheffield<\/li>\n<li class=\"story-body__list-item\">Kilmarnock<\/li>\n<li class=\"story-body__list-item\">Shrewsbury<\/li>\n<li class=\"story-body__list-item\">Yardley<\/li>\n<li class=\"story-body__list-item\">Leeds Central<\/li>\n<li class=\"story-body__list-item\">Leeds East (Football World)<\/li>\n<li class=\"story-body__list-item\">Leeds North<\/li>\n<li class=\"story-body__list-item\">Halesowen<\/li>\n<li class=\"story-body__list-item\">Hamilton<\/li>\n<li class=\"story-body__list-item\">Manchester South<\/li>\n<li class=\"story-body__list-item\">Basingstoke<\/li>\n<li class=\"story-body__list-item\">Teesside<\/li>\n<\/ul>\n<p>Employees affected by the site closures have already been informed, the company said. <\/p>\n<h2 class=\"story-body__crosshead\">New management<\/h2>\n<p>Creditors will be invited to vote on the CVA on 16 October. <\/p>\n<p>Powerleague added that it had already held &#8220;constructive&#8221; initial discussions with its landlords about the restructuring.<\/p>\n<p>In August, Powerleague hired Christian Rose to be its new chief executive, and Mike Evans to be the new chief financial officer.<\/p>\n<p>Mr Rose and Mr Evans had previously worked for bowling alley chain All Star Lanes, where they had led a successful restructuring programme.<\/p>\n<p>&#8220;Closing sites is a difficult decision to make and we are supporting those personally affected,&#8221; said Mr Rose. <\/p>\n<p>&#8220;These significant changes are essential to a sustainable future for Powerleague and I am committed to our long-term turnaround plan.&#8221; <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45682490\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Powerleague Image caption Powerleague operates 440 football pitches at 50 sites across the UK and Ireland Five-a-side football operator Powerleague has put forward a rescue plan that will result in the closure of 13 sites and the loss of 109 jobs. The company plans the changes through an insolvency procedure known as a &hellip; <\/p>\n","protected":false},"author":0,"featured_media":2658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2657"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2658"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}