ALEX HEINKE reports.
A-League club Brisbane Roar avoided liquidation and a damaging legal battle, settling their $60,000 debt with the Queensland Rugby Union.
The QRU had filed a wind-up motion that was due for mention in the Queensland Supreme Court on Wednesday over the Roar’s unpaid rent of Brisbane based training facility, Ballymore.
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However the matter was solved Tuesday between the rugby body and Roar owners, Indonesian conglomerate the Bakrie Group, reached a resolution.
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.