Bakrie Group takes control of Brisbane Roar
February 06, 2012 16:55:33 UK
Brisbane Roar's majority shareholders, the Bakrie Group, have now become the A-League champions' sole owners after increasing their stake in the club to a full 100 percent.
The Indonesian corporation had made the original investment in the Roar late last year and they have now taken full control of the club by buying out the remaining 30 percent of the shares too.
The group now plans on appointing a new board, which will have both local and foreign members, but the process is not likely to take place anytime soon.
Brisbane Roar are 2.40 to defeat Wellington Phoenix, who themselves are to 2.80 get the win. A draw between the two sides can be backed at 3.40.
Chief of the Hyundai A-League Lyall Gorman told the press: "This is a significant step for the Hyundai A-League with the Brisbane Roar becoming the first Australian professional club with owners from Asia.
"We can foresee many exciting opportunities ahead for the Roar and Australian football under this relationship with the Bakrie Group, which has extensive investments in football in Asia, Europe, South America and now Australia."
"Best of all the Bakrie Group is full of passionate football people, who will bring an injection of new ideas and insights to our national competition."
In spite of winning last season's A-League Grand Final, Brisbane had major financial crisis at the start of the 2011-12 A-League season. They went into administration before being rescued by the Bakrie Group's investment in September 2011.
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