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A-League club Brisbane have narrowly avoided liquidation, settling their $60,000 debt with the Queensland Rugby Union (QRU).
The QRU had filed a wind-up motion that was due for mention in the Queensland Supreme Court on Wednesday over unpaid rent at the Roar’s former training base Ballymore.
However, late on Tuesday, the matter between the rugby body and Roar owners, Indonesian conglomerate the Bakrie Group, reached a resolution, according to a QRU spokesman.
“The details are confidential between the parties,” the spokesman said.
“We wish the Roar and the Bakrie Group the very best for the coming season.”
QRU lawyers will be in court on Wednesday to dissolve a process that had threatened to wind up the company behind the three-time A-League champions.
Instead, the Bakrie Group remains as they look to complete an urgent sale of the club to a consortium that reportedly includes local and overseas businessmen.
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