Bakrie poised to sell Brisbane

The Bakrie Group is on the verge of selling three-time A-League champions Brisbane Roar to local interests, according to reports.

After a period of instability, former club Chairman Chris Fong new buyer would take over the reins from the Indonesian conglomerate later this month.

“Mr (Nirwan) Bakrie has agreed to sell Brisbane Roar in an agreement that will see creditors paid and stability restored,” Fong told The World Game.

“A price has been agreed with a third party and we expect this process to be completed this month. I can’t say anything about the sale, as it is all very tied up in confidentially agreements.

“We have been working very closely with the FFA whom has been very understanding.

“Over $9 million has been injected into Brisbane Roar over the past four seasons, and it is more than disappointing it has come to this. I am absolutely gutted.”

Just last week the embattled A-League outfit lost long-term sponsor, The Coffee Club, who severed commercial ties with the club after eight years.

The front-of-shirt deal, reportedly worth $650,000 annually, was one of the longest running sponsorships of its kind in the A-League.

More trouble brewing for Brisbane Roar bean counters

Roar was also late in paying players and staff and was hit by a string of high-profile resignations – most significantly the departure of Managing Director Sean Dobson prior to an internal financial review.

“What has been uncovered over the past weeks is devastating,” Fong said in announcing the owners would divest their interest in the club after four seasons.

“The Managing Director suddenly resigns days after we announce an independent due diligence of the club's financial and operations."

Fong added: “It is clear we cannot manage from a distance ... we tried, gave trust and the result is unacceptable. It is a very sad time for us, the staff, fans and football in Australia.”

After poor season on the pitch Roar has steadied the ship recently with new appointments including interim CEO David Pourre, coach John Aloisi and football operations manager Craig Moore.

“The football department finally seems to have leadership so we expect performance on the pitch will be restored,” Fong told The World Game.