The Brisbane Roar Football Club’s stoush with the Australian Tax Office (ATO) is over with the Federal Court this week dismissing a matter involving a $1.5 million debt.
Brisbane Roar CEO Kaz Patafta told accountsdaily the club was pleased the matter had reached its conclusion.
The industry website reported the ATO had, in May, applied to wind up the cub, which plays in the A-League, due to “poor financial management and tax debts that reached $1.5 million at its peak”.
It stated the case was due to be heard in court in July, but the matter was adjourned to allow time for it to be settled outside of court.
“On Monday (18 August), the matter reached its official close in the Federal Court, which dismissed the originating process and made no order as to costs between the club and the ATO,” the website reported.
Mr Patafta said the Brisbane Roar was a resilient and united club.
“With this historical debt now resolved, we are firmly focused on the future and continuing the strong momentum already built through an outstanding pre-season – one that has seen us engage with thousands of football fans across multiple communities and deliver positive results on the pitch.”
He said the issue had been related to “historical debts” that predated the club’s current management.
“The club has been working collaboratively with the ATO over this matter for some time.”
