Less than three months after the assuming the role, promising to head up a consortium to buy the embattled three-time A-League champions from the Bakrie Group, Cobb was axed by his Indonesian employers on Wednesday.
The Melbourne-based businessman, whose last dalliance with football in 2013 saw him pay just $60,000 of a vaunted $1.5 million sponsorship to Adelaide United before the agreement mysteriously evaporated, should have been weeded out long before taking the reins at the Roar, according to a source close to the club.
The source insisted that to avoid any further misadventures for the Roar – and the A-League as a whole – potential owners should face a 'right and proper person' due diligence test, along the lines of the British model.
Or face the prospect of more Clive Palmers, Nathan Tinkers and Daniel Cobbs.
"The FFA needs to take a look at itself," the source said.
"It's meant to be the big corporate titan that oversees the game, but all it has done in this instance is heap a pile of trouble on top of Brisbane by allowing Cobb anywhere near the club and proclaim himself as an owner-in-waiting.
"His past track record is known in the media … the fact he hasn’t fulfilled his sponsorship commitments before should have been a big red flag.
"I don’t understand - if you have that kind of history, why you are allowed to be a managing director of a club.
"And then put your hand up to buy the club without any public statements on your fitness to do so by the FFA.
"It looks like the FFA has been asleep at the wheel here.
"How can they let guys like this come into these positions trumpeting a consortium to take control.
"Where is the consortium. Who are the names of two or three people in that group?
“There are no names, no anything. In the UK if you buy a football club you have to pass a fit a right and proper person persons due diligence test … somebody like Cobb would never pass that test.
"The FFA can’t allow this type of thing to happen again ... he has tarnished the reputation of a club which is a three-time winner of the A-League."
Cobb, who claims he resigned, was instead dismissed after publicly basting the Bakries, claiming they had injected just $400,000 of a $1.1 million commitment, hence the late payments of wages to players and staff this week.
"Where are the FFA when it comes to protecting the game, how about forget about cleaning up a mess, why not prevent the mess from happening in the first place?," the source said.
"Cobb was managing director for close to three months ... If he was going to buy the club, why not do so when he first arrived?
"He is still saying he will buy the Roar. Has he suddenly had a windfall of cash?"
The Bakries, according to reports in Brisbane, remain "fully committed" to recapitalising and developing the Roar amid suggestions that a Brisbane-based consortium are keen on investing into the club.