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Brisbane Roar face massive A-League cash shortage – SBS – The World Game

The World Game understands Brisbane are on the brink of financial collapse unless owners the Bakrie Group can provide an instant and significant cash injection to the club.

Cobb was sacked on Wednesday by the Bakrie Group.

The extent of the problems he has left behind are only just coming to light.

With six weeks to go until the start of the new A-League season, Roar have failed to sign up a range of corporate backers and sponsors – including back-of-shirt and sleeve sponsors – leading to a revenue shortfall of at least $600,000.

It’s understood Cobb did not even contact Roar’s few existing sponsors in his two months in office.

Further exacerbating Brisbane’s cash deficit is that the club have sold only 693 memberships a…

Read the full article at: http://theworldgame.sbs.com.au/article/2016/08/18/brisbane-roar-face-massive-league-cash-shortage?cid=trending

Category: LiquidationBy Insolvency Advisory AccountantsAugust 20, 2016

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Brisbane Roar face massive A-League cash shortage – SBS – The World Game

The World Game understands Brisbane are on the brink of financial collapse unless owners the Bakrie Group can provide an instant and significant cash injection to the club.

Cobb was sacked on Wednesday by the Bakrie Group.

The extent of the problems he has left behind are only just coming to light.

With six weeks to go until the start of the new A-League season, Roar have failed to sign up a range of corporate backers and sponsors – including back-of-shirt and sleeve sponsors – leading to a revenue shortfall of at least $600,000.

It’s understood Cobb did not even contact Roar’s few existing sponsors in his two months in office.

Further exacerbating Brisbane’s cash deficit is that the club have sold only 693 memberships a…

Read the full article at: https://theworldgame.sbs.com.au/article/2016/08/18/brisbane-roar-face-massive-league-cash-shortage

Category: Debt HelpBy Insolvency Advisory AccountantsAugust 18, 2016

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PreviousPrevious post:Youth alliance demands R1bn debt relief from JSE for students – News24NextNext post:Forgiving all US student loan debt sounds amazing. Here’s why it’s a terrible idea – Quartz

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