Brisbane Roar's ownership group has asked Football Federation Australia to give them seven more days to outline their vision for the A-League club.
FFA had given the Bakrie Group until 5pm (AEST) on Monday to do so, at the risk of potentially having their licence to run the club stripped.
The governing body has grown frustrated with the conduct of the Indonesian conglomerate after one of the Roar's directors returned from a meeting with bankroller Nirwan Bakrie last week but failed to provide FFA with any details surrounding their future plans.
"Football Federation Australia (FFA) has today received correspondence from the Bakrie Group in relation to the Brisbane Roar FC, said an FFA spokesperson.
"The Bakrie Group has requested an extension of seven days to address matters raised by FFA.
"FFA is considering the request for an extension.
"FFA last week sought information from the Bakrie Group on the management and financial structure of the Brisbane Roar."
The Roar were nearly wound up last year due to financial issues, but the Bakries recapitalised the club to the tune of $4 million and the team enjoyed a successful A-League season on the field, finishing third on the ladder and one game short of a grand final appearance.
However, former chief executive David Pourre, who quit earlier this month, has not been replaced and FFA is growing increasingly concerned with the lack of urgency and direction shown by the Bakries, which is in turn affecting coach John Aloisi's ability to plan and recruit for next season.
Brisbane's membership base took a huge hit last year with many fans refusing to take up season tickets if the Bakries were still in control of the club.
FFA already owns the Newcastle Jets, but the sale of that club to a Chinese investor is believed to be imminent.