Soccer event firm collapses in debt

Goalstriker, a company set up to run a series of football themed events throughout the country, has gone into liquidation with debts in the region of £700,000.

Goalstriker, a company set up to run a series of football themed events throughout the country, has gone into liquidation with debts in the region of £700,000. It was established by Paul Foster and also involved Nigel Stanton of The Events Business. The demise of the company has left it owing £476,000 to 113 creditors. Creditors include city councils, football clubs, small businesses and many individuals. By the time of the creditors meeting, in the middle of last month, Goalstriker had changed its name to Frontmode. It had also traded under several other names. “The liquidation of the company was primarily due to the late payment from a sponsor,” said Stanton. He also added that his role in the company was “putting the events together” and stated that Foster had in fact founded the company. The events, called “Kick for £1million”, started in April and were promoted by The Sun newspaper. Participants could take three penalties, which were measured electronically on a combination of accuracy and speed. A final in London was planned for this month where finalists had the chance to win £1m. A total of 22 events were planned with the winner from each awarded a Hyundai car. Hyundai and BT Cellnet sponsored the events, the final one of which took place in July. “We went along with it because Nigel Stanton was well known to us and had recommended us,” said one creditor. “Its demise is going to have a huge financial impact on us at the end of the year.”

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