Troubled East Kilbride-based Goals Soccer Centres plc confirmed on Monday that “actions undertaken” by former CFO Bill Gow and former CEO Keith Rogers “form part of the current investigations of the company into the mis-statement of historic financial statements.”

The two former directors have strenuously denied any wrongdoing.

Mike Ashley’s Sports Direct holds a near 19% stake in Goals Soccer Centres.

In a stock exhange statement, Goals Soccer Centres said: “Following press speculation, the company can confirm that actions undertaken by Mr Gow and Mr Rogers while employees and directors of the company form part of the current investigations of the company into the mis-statement of historic financial statements.

“The company can confirm no finalised conclusions have yet been reached, although as stated in the 02 August 2019 announcement by the company it is clear inappropriate actions have taken place.

“Once the company has concluded its findings the directors, alongside its advisors, will take appropriate action and liaise with the appropriate authorities. 

“The company will make further updates as appropriate.”