Soccercity is selling its indoor football centre at Fareham in order to concentrate on its three football centres in the north of England.
Soccercity will receive £697,000 for the disposal to Holyrood, which is owned by Ian Currie and Richard Hughes. Soccercity will repay the £194,000 it owes the two men out of the consideration. The Fareham site can use the Soccercity name for two years. It was bought for £730,000 in cash and shares in December 2003. At that time the quoted company was called Taskcatch and it subsequently changed its name to Soccercity. An EGM will be held on 27 July so shareholders can vote on the disposal. The full year results need to be published by 31 July. At a share price of 0.6p, Soccercity is capitalised at £790,000.
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