9 Mar 2011

FFA looking for new investors for Brisbane Roar

5:59 am on 9 March 2011

Australia's embattled football administration is looking for new investors to take over Brisbane Roar, with directors of the cash-strapped A-League team set to relinquish their license.

The Roar's financial troubles have mounted despite runaway success on the playing field this season, underlining the frailty of Australia's top-flight competition.

The club is on a record 27-game unbeaten streak and will contest the premiership title at Brisbane's Lang Park on Sunday against Central Coast Mariners.

The FFA announced a week ago that they were withdrawing their support for North Queensland Fury, saying the Townsville-based club's parlous financial state could endanger the competition's wider development.

Administrators had planned to expand the league to 12 with the addition of a second Sydney side, but scrapped the bid due to financial concerns.

Football Federation Australia also insist they;re not panicking about Wellington Phoenix owner Terry Serepisos who's trying to stave off having five of his companies wound up, including the one that owns the club.