Daniel Cobb has quit as Brisbane's managing director and says he will submit a final "take it or leave it" offer to buy the A-League club from their Indonesian owners.
In an escalation of the crisis surrounding the three-time A-League champions, Cobb claimed he had paid the Roar's bills -- including player and staff wages -- out of his own pocket for the past three days but was no longer willing to work with the Bakrie Group .
It comes after Cobb's accusations that the Bakries had reneged on a promise to inject $1.1 million into the club as agreed when he became managing director two months ago, leaving the Roar in a precarious financial position.
"As far as the original sale agreement, I've terminated that and I will give an alternative offer to the Bakries, which they may or may not accept," Cobb told AAP.
"The relationship's obviously been very strained. There's obviously been tensions over the last five or six weeks and the tax and the super situation's building and I'm just not prepared as a director to be liable for that."
Cobb said he had informed Football Federation Australia of his intentions to quit and to make a final offer to purchase the club when he met chief executive David Gallop on Tuesday in Sydney.
Cobb said he was willing to stay on as the Roar's interim CEO if required.
The events could have an immediate impact on coach John Aloisi's plans for the new season, as it's understood German import Jerome Polenz won't receive the first part of his severance package, which was due on Wednesday.
Polenz had agreed to mutually terminate his contract with Brisbane and the club made an official announcement on Monday that he was leaving.
Cobb said it was disgusting that the Bakries had failed to provide the money for Polenz's payout.
Asked if the Roar had been trading while insolvent, Cobb said: "I'm not prepared to answer that question."
AAP understands Cobb was already likely to be sacked by the Bakries, who had grown suspicious of him after his falling out with Aloisi and football director Craig Moore.
Cobb was appointed in June as Brisbane's managing director, claiming he was the head of a consortium which had already agreed to buy the club from the Bakries.