Football 2 years ago

Roar owners dodge financial bullet

  • Roar owners dodge financial bullet

Brisbane Roar's under-siege owners have been given yet another extension by Football Federation Australia after tipping around $1 million into the A-League club's empty coffers.

The money won't land in bank accounts until Wednesday - meaning players and staff have once again been paid late - but it has satisfied FFA and helped Indonesian conglomerate the Bakrie Group dodge the immediate threat of losing control of the three-time champions.

This is despite FFA chief executive David Gallop's warning that any "slippage" by the Bakrie Group in paying wages by close of business on Tuesday would prompt the governing body to revoke the Roar's A-League licence.

You might also like

"We have sighted bank documents that indicate that the Bakrie Group has today transferred a significant amount of funds to the Brisbane Roar, in line with FFA's direction," Gallop said in a statement issued on Tuesday evening.

"The funds are sufficient to pay the monthly salaries and begin the process to recapitalise the club business.

"FFA's current warning to the Bakrie Group on the status of the A-League licence remains in place until we are satisfied all undertakings are met."

It's understood Bakrie Group representatives have also told Gambaro Pty Ltd and Beecroft Laundry Service, the two local businesses attempting to liquidate the Roar over unpaid debts, that they'll have their money within 24 hours.

A court hearing on the matter is going ahead as scheduled on Wednesday morning. Meanwhile, it's believed the Mantra Group is set to begin a wind-up motion of their own against the Roar.

The A-League season kicks off in three weeks, with the sport already in turmoil due to the FFA's bitter war with Professional Footballers Association over a new pay deal.

0 0
please wait...