Brisbane Roar owner Bakrie Group put club up for sale

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BRISBANE, AUSTRALIA - APRIL 15: Matt McKay of the Roar celebrates with team mates after scoring a goal during the round 18 A-League match between the Brisbane Roar and Melbourne Victory at Suncorp Stadium on April 15, 2015 in Brisbane, Australia.  (Photo by Bradley Kanaris/Getty Images)

Bakrie Group as the owner of have decided to put the Hyundai club up for sale, according to The World Game report.

The Indonesian-based investors acquired the ownership of the three times league winners in October 2011. However, four years later, Roar are embroiled in financial trouble with two weeks late in paying players and staff in June.

Former chairman, Chris Fong, who stepped down in May after the the sudden resignation of managing director Sean Dobson, confirmed that Bakrie Group are in the process to turn over the club into new owner’s hand.

“Mr (Nirwan) Bakrie has agreed to sell Brisbane Roar in an agreement that will see creditors paid and stability restored,” he revealed.

“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 (Football Federation ) 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.”

Roar finished sixth in the 2014/15 regular season of A-League campaign, qualified for the final series before losing 2-1 to Adelaide United in the elimination final round.