Ownership and Finances
Currently, the club is owned by:
- The Bakrie Group – 100%
Brisbane Roar was established by Queensland Lions SC in March 2005 as the team that would represent Brisbane in the newly formed A-League. Queensland Lions held a majority share in the club through to 2008. It is understood that in 2008 the 25% share owned by Queensland Lions was bought by the Roar board at a discount. This led to financial instability in the club and rumours of the club handing back its A-League licence to Football Federation Australia (FFA). On 16 April 2009 reports surfaced that the FFA were willing to purchase up to a 55% share in the Roar to ensure its financial stability. This 55% encompassed CEO Lawrence Oudendyk's 15% per cent interest, the 25% previously owned by Queensland Lions and the 15% share owned by Rob Jones and Rob Jansen. FFA advised that any takeover by the FFA would see Oudendyk replaced as CEO. Ultimately a new Brisbane-based ownership structure was formed with investors Emmanuel Drivas, Emmanuel Kokoris, Claude Baradel and Serge Baradel taking over 100% ownership of the club.
On 30 April 2009 the FFA confirmed their offer to take a controlling share in the Roar. The new ownership group declined the FFA's assistance on 22 May 2009. The owners' commitment to the club was reinforced in a statement released by Emmanuel Drivas on behalf of the owners on 12 April 2010 after further speculation that the Roar would require financial assistance from the FFA after a poor 2009–10 season.
In March 2011, just a week after the club won its first Grand Final, the FFA would take back the clubs license, agreeing to fund the club until new owners were found. Football Federation Australia CEO Ben Buckley thanked the previous owners for pouring money into the Roar, who could not keep up with the future costs for the club.
On 4 October 2011, The World Game reported that Indonesian mining magnate, The Bakrie Group, would takeover ownership of the club from the FFA under a 10-year term. Under the terms of the deal, The Bakrie Group paid A$8 million for a 70% share of the club, with the FFA retaining the remaining 30% share. Under the terms of this deal, the Bakrie Group had the option to purchase a further 20% stake in the club with the FFA holding the remaining 10% share. The Bakrie Group also own Indonesia Super League club Pelita Jaya FC and Belgian Second Division club C.S. Visé. Following this change of ownership, the new chairman of the Roar was announced as Dali Tahir.
After becoming the first majority-share foreign owner of an A-League team, on 6 February 2012, the FFA announced that Bakrie had acquired 100 percent ownership of the Brisbane club.
Read more about this topic: Brisbane Roar FC
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)