Maverick owner Clive Palmer has failed in his bid to maintain control of Gold Coast United after his Supreme Court injunction application was refused on Friday night.
Football Federation Australia, who terminated Palmer's licence on Wednesday, will now take over the operation of the last-placed club for the remaining four rounds of the A-League season.
Gold Coast players were set to sign new contracts with the FFA on Friday night to ensure they can travel to New Zealand in time for Sunday's clash with Wellington Phoenix.
Justice Jean Dalton denied Palmer an interim injunction until a full hearing on Wednesday on several grounds.
She said the disparaging comments made by the billionaire mining magnate aimed at the FFA over the past fortnight showed both parties could no longer co-operate.
While concerned about damages to players and staff, as well as to the integrity of the competition, Justice Dalton ruled the FFA could take over the team and ensure they finish the season adequately.
Palmer's legal counsel Peter Flanagan had argued the FFA's decision to terminate the A-League licence for defying orders not to sport Freedom of Speech logos was a "punishment that did not fit the crime".