Powerleague Group plc, the leading commercial operator of 5-aside football centers in the UK, and Patron Capital Partners a leading private equity and property investment fund announce that Patron has acquired a 29% stake in the Company.
The strategic partnership with Patron will enable the Company to take advantage of Patron‟s experience in the property sector and wide network of global relationships to achieve a step change in growth of the business across the UK and anticipated expansion to Europe. It is expected that the partnership will also significantly enhance the Company‟s ability to identify and unlock value from the Company‟s current and future real estate portfolio.
Powerleague currently operates from 43 sites across the UK, with more than 120,000 customers each week using its 455 indoor and outdoor pitches. Powerleague recently acquired the JJB Soccer Domes business for