Brisbane Roar are in takeover talks with a mystery Arab billionaire.

The Courier Mail says Roar owners Emmanuel Drivas, Emmanuel Kokoris and Serge and Claude Baradel are keen to ease their own financial bleeding by offloading the majority of their shares to a business consortium backed by the Dubai-based Sheik.

"There has been a little bit of interest from an overseas investor," Drivas said last night.

"But part of the deal is that the current directors still retain some shares in the club.

"We'd like to stay involved."

The takeover could be confirmed as early as next week, with Roar directors last night awaiting further details from the potential new backer.

The 5 per cent share owned by Dutch agent Rob Jansen would become null and void, with the Roar's potential new majority shareholder keen to start from scratch in establishing a new franchise.