BRISBANE. Indonesia's Bakrie Group has assumed full ownership of reigning A-League champion Brisbane Roar, becoming the first foreign company to take 100% control of a club in Australia's elite domestic competition. Bakrie bought a 70% stake in Brisbane Roar last September, becoming the first majority foreign owner of an A-League team. Football Federation Australia announced Monday that Bakrie had "acquired 100% ownership" and was in the process of appointing a board that will include both foreign and local directors.
Bakrie Group buys full stake in Brisbane Roar
BRISBANE. Indonesia's Bakrie Group has assumed full ownership of reigning A-League champion Brisbane Roar, becoming the first foreign company to take 100% control of a club in Australia's elite domestic competition. Bakrie bought a 70% stake in Brisbane Roar last September, becoming the first majority foreign owner of an A-League team. Football Federation Australia announced Monday that Bakrie had "acquired 100% ownership" and was in the process of appointing a board that will include both foreign and local directors.