The two-time A-League champions have no paying front-of-shirt sponsor and an under-resourced football department which has seen injured players voice concerns about not receiving the best possible treatment.
Kingsman said it was a Bakrie "first" that wages to players and staff were paid on time for 14 consecutive months after payments were missed over the previous two years.
He told AAP he had to reach into his personal account five times to make that possible and revealed he submitted a three-year, $4 million plan to make the Roar self-sustainable in February but didn't even get a response.
Asked if he thought the Roar would ever reach its full potential under the current ownership, he said: "Certainly with a different owner, I think you'd achieve it a lot, lot quicker."
"I just think there are people at the organisation who are afraid to tell the big people in the organisation what the truth is."
Kingsman did not see the axe coming and his removal has been unpopular with supporters.
But it's understood the Bakries decided to act after learning he had strained relations with a number of different stakeholders, including the state government, local councils and stadium operators.
Brisbane is expected to announce a new leadership structure in the coming days, with former chairman Chris Fong believed to be involved in the process.
It's understood the Bakries have no intention of selling or relinquishing the club's A-League licence in the short term.
- AAP