Roar ownership talks break down as major sponsor signs on

Brisbane Roar will have the name of a new major sponsor, Steadfast, emblazoned across the front of its strip after the insurance company signed on for the 2015-2016 season, although exactly who will be running the club remains a mystery with talks between the Bakrie Group and a consortium of local and overseas-based investors reportedly breaking down.

Brisbane Roar fans

Brisbane Roar's fans are not happy Source: Getty Images Asia Pacific

According to a report in Monday's Courier Mail newspaper, Roar chairman Chris Fong is in Paris in a last-ditch attempt to offload the A-League club to a fresh consortium.

The report claimed an earlier move to sell the club for $18 million to a separate cartel based out of Italy and Germany had collapsed.

The developments leave Roar at risk of being wound up, if it is unable to settle a $60,000 debt with the Queensland Rugby Union over unpaid rent by 19 August, while there are also doubts over who will pay players and staff on the next due date for wages this Saturday.

The uncertainty comes as Roar announced a new major sponsor.
"Steadfast is a wonderful partner and we are delighted that our partnership continues to grow with the company's name moving from back of shirt to be proudly worn on front of shirt this season," Rour interim Chief Executive David Pourre said.

"The Steadfast insurance broker network is an organisation that has gone from strength to strength and everyone at the Roar values their continued support."

Roar coach John Aloisi said he and the players have no choice but to ignore Roar's off-field turmoil and focus on Tuesday night's FFA Cup clash with Western Sydney.

"It's not ideal but it will come to a head. It has to," Aloisi said.


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2 min read
Published 10 August 2015 12:08pm
Updated 10 August 2015 12:41pm
Source: SBS

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