Indonesian corporation the Bakrie Group have taken full control of the Brisbane Roar after upping their ownership stake from 70 percent to 100 percent on Monday.
The Bakrie Group acquired their initial stake in the club last September and have expanded this ahead of appointing a new board consisting of Australian and foreign representatives, which will occur later in the year.
"This is a significant step for the Hyundai A-League with the Brisbane Roar becoming the first Australian professional club with owners from Asia," said Head of the Hyundai A-League Lyall Gorman.
"We can foresee many exciting opportunities ahead for the Roar and Australian football under this relationship with the Bakrie Group, which has extensive investments in football in Asia, Europe, South America and now Australia."
"Best of all the Bakrie Group is full of passionate football people, who will bring an injection of new ideas and insights to our national competition."
Despite winning last year's Hyundai A-League championship in a dramatic penalty shootout victory over the Mariners, the Roar went into Football Federation Australia (FFA) administration just days later before the Barkrie Group's initial investment last September.
"The Bakrie Group sees huge potential in the Hyundai A-League as one of Asia's top professional club competitions," said Aga Bakrie, the president of the Pelita Jaya Cronus sporting arm of the company.
"Naturally we want the Brisbane Roar to be in the forefront of this development."
"We are delighted to invest in a club with an excellent group of players, a great coach and support staff and passionate supporters. Our aim is to develop the Roar into Australia's biggest club and carry that success across Asia."
"On behalf of the Bakrie Group I thank the FFA for working diligently towards finalising this transaction."
"Praise goes to the players, coaches and staff for their professionalism while this transfer took place and, of course, to the fans for their loyalty and commitment to the club."