Patron's Powerleague eyes closures in CVA


Patron Capital-owned five-a-side football pitch operator Powerleague Fives has confirmed plans to close up to 13 sites across the UK as part of a Company Voluntary Arrangement (CVA).

The company has more than 440 pitches across 50 sites in the UK and Ireland, but said it was looking to restructure the business through the proposed CVA after three years of declining like-for-like revenues. Deloitte has been nominated to act as supervisor to the CVA.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue