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Brisbane Roar Thread 2015/16

mack

By mack
in A-League & Asia

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Hughesy

Hughesy

Posted
Posted

I had a feeling that something was up with the new buyers taking their time to 'finalise finances'. This article reports that the deal was worth $18m. No wonder they can't find anyone to buy them, they aren't worth nearly that much. 

 

http://theworldgame.sbs.com.au/article/2015/08/10/roar-ownership-talks-break-down-major-sponsor-signs

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Prydzopolis

Prydzopolis

Posted
Posted

I had a feeling that something was up with the new buyers taking their time to 'finalise finances'. This article reports that the deal was worth $18m. No wonder they can't find anyone to buy them, they aren't worth nearly that much. 

 

http://theworldgame.sbs.com.au/article/2015/08/10/roar-ownership-talks-break-down-major-sponsor-signs

:rofl: We got sold for 9m (probably should have been $12m) & roar want double :lol: That's good for a laugh!
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Johnno

Johnno

Posted
Posted (edited)

http://www.smh.com.au/breaking-news-sport/rugby-fires-another-salvo-at-roar-owners-20150810-40rfp.html

 

Rugby fires another salvo at Roar owners

 

 

Queensland Rugby Union boss Jim Carmichael says the Indonesian owners of Brisbane Roar are solely to blame for the A-League club's descent into financial chaos.

In a fresh attack on club owners the Bakrie Group, Carmichael said the Roar had been financially neglected for years and accused chairman Chris Fong of failing to take responsibility for the club's extensive off-field problems.

The Roar has until August 19 to settle a $60,900 debt with the QRU over unpaid rent at Ballymore or the club will be wound up and liquidators engaged.

"The QRU is growing tired of the Bakrie Group continually attempting to shift attention for their financial woes to present and past Roar management," Carmichael said in a statement.

"The Bakrie Group have claimed they've invested $15 million directly into the Queensland economy - they know that's just not true.

"There are major deficiencies in working capital prior to and during the Bakrie Group's ownership of the last three years.

"Roar management were left to deal with the operating cash-flow deficiencies, which have been obvious for a number of years."

Carmichael's comments come in response to Fong's claims in a News Corp report that the QRU's issues with the Bakrie Group are "misguided" and that former Roar managing director Sean Dobson was at fault for their financial troubles.

Dobson last week began work with the QRU as their new financial controller.

"The QRU is just one of many creditors owed money for a considerable period," Carmichael said.

"That's why I said two weeks ago that the FFA need to examine the ownership model of their A-League franchises and provide some level of comfort to organisations who have supported this soccer franchise over many years.

"I would suggest that the chairman of the Roar now refrain from making any further comment, including on his purported relationship with QRU, and that he concentrate his efforts on his own business."

The Roar is yet to file a single document in relation to the QRU's wind-up motion, much less appoint legal representation.

But there is a much more immediate concern - the next due date for wages to be delivered to players and staff on Saturday.

The Bakrie Group recently told Football Federation Australia it would not invest another cent into the Roar, meaning there is a real chance they won't be paid.

More creditors have also come to light, with the Roar also in debt to Stadiums Queensland for the use of cBus Super Stadium at Robina.

Brisbane played their three AFC Champions League home games at cBus Super Stadium under an arrangement that was at least partly underwritten by the Gold Coast City Council.

However, Stadiums Queensland confirmed it is yet to receive payment.

"Invoices have been submitted and we expect this to be taken care of in due course," a Stadiums Queensland spokesperson said.

Repeated attempts to contact Fong were unsuccessful.

But according to News Corp, Fong is in Paris attempting to rush through the sale of the club to a new consortium of Australian and overseas investors.

An earlier sale attempt, which put a staggering $18 million price tag on the Roar, has reportedly collapsed.

Edited by Johnno
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Prydzopolis

Prydzopolis

Posted
Posted

Two ffa run clubs in one season, not keen on it.

And we are talking about expansion :crazy:

So they have now missed the players wages.

 

Deadline was Saturday, Fong did say however he was not going to put another cent into club so it's not surprising. Just wish the sale would go through!
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nmh94

nmh94

Posted
Posted (edited)

There needs to be a restructure to the ownership model so small clubs like roar and jets are not in this position

 

Its a bit of a joke at the moment in whats happening to the 2 clubs

This should never be happening to a club like Roar. For a club like them to be in this position is a sign of gross mismanagement.

 

We all know what the problem is/was at Newcastle, a fat **** of a mining billionaire (well, not a billionaire anymore).

Edited by nmh94
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Hughesy

Hughesy

Posted
Posted

I thought this Bakrie group wanted to make Roar an Asian powerhouse and were in it for the long run. That's the problem with some of these owners. They come in proclaiming all these things then when the going gets tough they leave.

There's also a lot of them who think that because they've got a lot of money that it'd be cool to own a football team but don't realise that it's very hard to make a return on the investment let alone a profit.
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Prydzopolis

Prydzopolis

Posted
Posted

 

There needs to be a restructure to the ownership model so small clubs like roar and jets are not in this position

Its a bit of a joke at the moment in whats happening to the 2 clubs

This should never be happening to a club like Roar. For a club like them to be in this position is a sign of gross mismanagement.

We all know what the problem is/was at Newcastle, a fat ***** of a mining billionaire (well, not a billionaire anymore).

It's great that people make these broad sweeping statements but we need solutions not just up in the air theories.

 

The same issue that happened with Newcastle & Brisbane, similar problem with North Queensland Fury but not Gold Coast. All these clubs had expenses that out weighed revenue. It is fine (to a degree) that this is happening to small town clubs like CCM (same problem committed owner) & NQF (was in the set up stage but dependent on FFA to fund it) but long well established teams like Brisbane & Newcastle in big cities there is no excuse. The other problem is that these clubs are accountable to nobody, Brisbane & Newcastle were poorly mismanaged by there owners plus the FFA who let them spiral out of control & rack up massive debts. We only find out something is wrong when people aren't being paid. It's not good enough!

How exactly do they change the ownership structure though? I'm hearing it from a lot of people but no one has actually given an outline of what should be done.

 Hughsey in all honesty we are not involved with the FFA or experts in sports administration. It is these people who are being paid the big bucks that should be making the calls 

 

I thought this Bakrie group wanted to make Roar an Asian powerhouse and were in it for the long run. That's the problem with some of these owners. They come in proclaiming all these things then when the going gets tough they leave.

There's also a lot of them who think that because they've got a lot of money that it'd be cool to own a football team but don't realise that it's very hard to make a return on the investment let alone a profit.
 I'm sorry but that is just not good enough, anyone who buys a football club & funds it should be prepared to invest some money into the club at some point in time. You have to be quite delusional that you can make regular profits in a league like the aleague. It is true that a lot of these billionaires like there play things but get bored after a while then offload it to someone else. It comes to the point where they just can't afford to pump money into the club & look to pass it on but it's not good enough that they were fine before Balkrie & boofhead came along but after these two both clubs are completely ruined. 

^^^Nailed it. It only works if the owner is a hardcore fan of the club to begin with. Otherwise they tend to bail when they realise it actually involves long term work and commitment.

  

 

Two ffa run clubs in one season, not keen on it.

 

increase the salary cap,

That's a simple answer but there isn't enough money in the game.

 

Fan ownership is something that I think should be implemented into our club to keep the owners accountable & honest.

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mack

mack

Posted
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Posted

That's a simple answer but there isn't enough money in the game.

Technically, the answer is there are too many expenses for the clubs that want to run break even but can't. I break down the league into:

 

Clubs that don't care how much they lose, rich owners subsidise them as a plaything or a marketing experiment:

Perth. Smurfs. City.

 

Clubs that want to break even, but can't because their expenses are too much for their revenue:

Jets. Mariners. Brisbane.

 

Clubs that want to break even and have the ability to do so with regularity:

Wanderers. Victory.

 

Clubs that currently try to break even, and are close or at that goal:

Wellington, Adelaide.

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