The Bakrie Group have got the FFA by the short and curlies at the moment. If there's no one willing to step in and take over the Jets or Brisbane then the FFA can only hold the license for one of those clubs at a time, right? So because they're already running the Jets they can't take the Roar over so the Bakrie guys can just string them along.
Brisbane Roar-ful
Really? kinda makes a mockery of things. Did someone grab 30 pieces of silver when designing the rules and regulations before the A League started??
I love the A League, and having our team in it. I wish we'd get a 10 year licence and at some stage in the near future a second team in there, Auckland being the obvious power base choice - if only their football fans up there would support the team like ours do down here.
Really? kinda makes a mockery of things. Did someone grab 30 pieces of silver when designing the rules and regulations before the A League started??
AFC rules.
Really? kinda makes a mockery of things. Did someone grab 30 pieces of silver when designing the rules and regulations before the A League started??
AFC rules.
Welnix should put in a bid
I can't imagine that rule applying in a case like this.
Making his return from the foot injury he suffered in the Roar’s 1-0 FFA Cup loss to Western Sydney Wanderers on August 11, Broich was replaced in the second half against the Jets.
“He’s got a knock on the same foot that he got against the Wanderers,” concerned Roar coach John Aloisi said.
“He’s pretty sore, actually very sore, so we have to hope it’s nothing serious and that he’s OK.”
Making his return from the foot injury he suffered in the Roar’s 1-0 FFA Cup loss to Western Sydney Wanderers on August 11, Broich was replaced in the second half against the Jets.
“He’s got a knock on the same foot that he got against the Wanderers,” concerned Roar coach John Aloisi said.
“He’s pretty sore, actually very sore, so we have to hope it’s nothing serious and that he’s OK.”
Making his return from the foot injury he suffered in the Roar’s 1-0 FFA Cup loss to Western Sydney Wanderers on August 11, Broich was replaced in the second half against the Jets.
“He’s got a knock on the same foot that he got against the Wanderers,” concerned Roar coach John Aloisi said.
“He’s pretty sore, actually very sore, so we have to hope it’s nothing serious and that he’s OK.”
Tomorrow is d-day for Bakrie Group. If financial commitments aren't met, FFA will start process to revoke their Roar licence. @cmail_sport
— Marco Monteverde (@marcothejourno) September 14, 2015
Bloody hell.
Looks like they are parked. Unfortunate to see as they were a good club.
Bakris have sent more a million dollars the Roar's way in the past couple of hours. Wages unlikely to land in bank accounts until tomorrow.
— Marco Monteverde (@marcothejourno) September 15, 2015
Bakris have sent more a million dollars the Roar's way in the past couple of hours. Wages unlikely to land in bank accounts until tomorrow.
— Marco Monteverde (@marcothejourno) September 15, 2015
Apparently the Bakries sold off assets and managed to refinance debt so I guess they have some cash again.
So what does this mean for them, does it open up a visa spot?
BREAKING NEWS | JA announces @RIQUESILVA_33 to get Oz citizenship tomorrow @brisbaneroar #GoRoar
— BrisbaneRoar (@brisbaneroar) October 6, 2015
So what does this mean for them, does it open up a visa spot?
BREAKING NEWS | JA announces @RIQUESILVA_33 to get Oz citizenship tomorrow @brisbaneroar #GoRoar
— BrisbaneRoar (@brisbaneroar) October 6, 2015
So that will be the new spanish signing they are due to announce then I guess.
So that will be the new spanish signing they are due to announce then I guess.
Do they have money for more players?
So that will be the new spanish signing they are due to announce then I guess.
Do they have money for more players?
True, they can't pay their current debt but that doesn't stop them signing new players
http://www.couriermail.com.au/sport/football/a-lea...
Bakries vs FFA - 2.0
“Football Federation Australia (FFA) has today received correspondence from the Bakrie Group in relation to the Brisbane Roar FC,” said an FFA spokesperson.
“The Bakrie Group has requested an extension of seven days to address matters raised by FFA.
“FFA is considering the request for an extension.
“FFA last week sought information from the Bakrie Group on the management and financial structure of the Brisbane Roar.”
“The Bakrie Group has been granted an extension of time to provide a
comprehensive response to FFA’s concerns about the management and
financial position of the Brisbane Roar,” said an FFA spokesperson.
“FFA has made it clear to the Bakrie Group that it needs to urgently
demonstrate its capacity to rectify the Brisbane Roar’s situation. FFA
has requested the response by 5 pm, Monday 6 June 2016.”
The Roar were hit with the shattering news on Tuesday night that their medicos were quitting the club due to non-payment.
FFA better hurry up and sell the Jest so they can step in and take over the Roar
FFA better hurry up and sell the Jest so they can step in and take over the Roar
Not cool what is happening to the Roar, makes what happen to the Nix all the more stupid. We have a stable well run organisation but the FFA wanted us out when they are looking after the Jets and Roar is being mis-managed. Just crazy, hope they can sort out there troubles.
Not cool what is happening to the Roar, makes what happen to the Nix all the more stupid. We have a stable well run organisation but the FFA wanted us out when they are looking after the Jets and Roar is being mis-managed. Just crazy, hope they can sort out there troubles.
I think the Roar should play 4 home games around Australia to drum up more money, one in Darwin, one in Broome, one in Alice Springs and one in Hobart. Apparently this works under the Phoenix way of logic.
Football Federation Australia have today released the following statement in regards to the Bakrie Group's management of Brisbane Roar FC.
“Football Federation Australia (FFA) has received correspondence from the Bakrie Group in relation to the financial and management position of the Brisbane Roar FC.
“The Bakrie Group has provided written undertakings on the timing and quantum of current funding of the club and the longer-term recapitalisation.
“The Bakrie Group has advised FFA that it has appointed an Australian-based Managing Director to the Brisbane Roar. This director will act as interim CEO and commence in the role this week while the club seeks a permanent appointment as CEO.
“Further, FFA is advised that the new Managing Director will work with an Advisory Board comprising of Brisbane business people in order to restore community confidence in the Brisbane Roar.
“FFA welcomes the undertakings from the Bakrie Group and expects they will be implemented without delay.”
Man I feel for the Roar supporters, unless they do see some change it just appears that Bakrie has got away with being slack again.
Apparently they put four million into the team last season and have consistently had higher budgets than the nix despite the fact that their sponsorship income was lower, so despite the press financially they seem okay. Except this time last year when their entire empire had cash for issues.
Where they fall down is hiring managers, most of their problems are down to financial mismanagement, and if you believe the stories the extent of it was kept from the Bakreys.
The Bakrie Group's tumultuous reign over Brisbane Roar is almost over
with the A-League club poised to be sold to a consortium led by
Melbourne businessman Daniel Cobb.
Cobb, the owner of energy
comparison website Electricity Watch and former Adelaide United sponsor
Clean Energy Enterprises, heads a group that has agreed to buy the
Roar's A-League licence from the Bakries - a sale that is subject to due
diligence and approval from Football Federation Australia.
The
process could see Cobb's consortium take either 100 per cent ownership
of the club, or a controlling share, with the Bakries showing interest
in staying on as a minority shareholder.
Cobb recently approached
the Indonesian conglomerate with the proposal to buy the three-time
A-League champions, subsequently flew to Jakarta to meet key Bakrie
representatives, and was made the club's managing director and interim
chief executive officer earlier in the week.
Family head Nirwan
Bakrie has also agreed to inject $2 million into the club in a move that
will allow coach John Aloisi and football director Craig Moore to begin
planning for the new season.
"I'm the managing director of the
club because a party that I'm related to has agreed terms with the
Bakrie Group," Cobb told AAP.
"We've signed a terms sheet that will see them exit the club and us acquire the club.
"FFA
need the club stabilised and we have secured a capital injection from
the Bakrie Group during the time which the process with the FFA and the
engagement with other stakeholders in relation to the sale is
completed."
The recapitalisation from the Bakries should mean
players and staff are paid on time next Wednesday, avoiding an
insolvency event that would have triggered an A-League licence breach
and given FFA the opportunity to take over.
Cobb intends to hold a
media conference in Brisbane on Friday to elaborate on his plans for
the club, but said he was unable to reveal the identity of the other
investors.
Cobb's company Electricity Watch recently became a business partner of Football Federation Victoria.
Another
one of his businesses, Clean Energy Enterprises, signed a three-year,
$1 million sponsorship with Adelaide United in 2013.
However, it
only lasted a short time before Cobb terminated the deal, and it's
understood there is residual ill will between him and the club.
This guys past looks dodgy as eff.
Roar hook up with Sporting CP in Portugal
Crisis-torn Brisbane Roar appear headed for more upheaval amidst reports that coach John Aloisi and Football Operations Manager Craig Moore have launched a bid for new managing director and interim chief executive Daniel Cobb to be removed from his position.
ARTICLE: Brisbane Roar in crisis mode as players not paid (via The World Game) https://t.co/xQjqKmqHII #GoRoar #aleague
— Ultimate A-League (@ultimatealeague) August 15, 2016
But it's only a technical issue.
Technically they are renting an income from players wages. lol