Football Federation Australia boss David Gallop is threatening to strip Brisbane Roar of their A-League licence if the club's extensive financial problems are not immediately fixed.
The demand comes ahead of Friday's key meeting between federation officials and the Roar's owners, the Bakrie Group, which should go some way to resolving a saga that has dogged the three-time A-League champions for months.
"It is timely that the meeting is taking place tomorrow because the Bakrie Group's ownership of the Brisbane Roar is now in the balance," Gallop said in a statement issued on Thursday evening.
"The choice is very clear. If the Bakrie Group wants to stay in the A-League, the debts need to be addressed immediately, wages need to be paid to staff and stability restored.
"The Brisbane Roar is a great club and its licence is a highly valuable asset.
"We are very confident that, if necessary, we can stabilise the club, find a new investor and create a bright future for the club.
"But the current uncertainty is damaging the club and we are no longer in a position to tolerate the situation."
They are the strongest comments yet on the matter from FFA and follow reports the Bakrie Group would not hand back the Roar's A-League licence under any circumstances.
Having previously vowed not to invest another cent into the club, the Indonesian conglomerate was said to be engaged in negotiations to sell the Roar to a mystery consortium.
But those efforts have repeatedly fallen flat and with the Bakries unwilling to lose the Roar to FFA for nothing, they now intend re-committing to the club in the hope of eventually offloading it to another party.
That won't fly with FFA unless Brisbane is immediately provided with a sizeable cash injection.
Players have been paid late twice in the past three months, some staff members haven't been paid at all, while the Roar is well behind on superannuation payments and has a host of other creditors to boot.
It's understood a shortlist of approximately 15 to 20 names has been drawn up for a proposed new advisory board in the event the Bakries keep control of the club.
The candidates include Queensland football icon Gary Wilkins, former Roar shareholder Claude Baradel, current Roar football director Craig Moore and Queensland Sport chief executive Peter Cummiskey.
The Roar's board currently consists of just two people, chairman Chris Fong and Helmi Rahman. Former managing director Sean Dobson also previously served on the board.
There are doubts over FFA's capacity to take over Brisbane Roar should it come to it.
FFA already owns the Newcastle Jets, although the sale of that club to a group headed by Dundee United chairman Stephen Thompson is only weeks away and that would free them up financially.