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Bernhard Burgener is requesting the sale David Degen’s shares.
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Bernhard Burgener , David Degen and their dispute over FC Basel's owner is just one more step. Burgener is supported by the Board of Directors. However, https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/bernhard-burgener-uefa-und-finanzinvestor-verhandeln-ueber-champions-league-beteiligung-dieser-mann-ist-der-strippenzieher/27184844.html 's not possible to reach an agreement.
Monday's meeting of FC Basel Holding AG's Board of Directors at FC Basel Holding AG was an overwhelming success. Burgener and Degen were joined by Karl Odermatt (and Peter von Buren) on the four-member committee which approved the plans of the previous owner. He requested Degen to transfer his stake to a potential buyer, Basel Dream & Vision AG, according to an announcement from the company that holds it.
When it does in doing so, the Board of Directors relies on the terms of a contract that permits Burgener to transfer its shares to those of minority shareholders in the same conditions. As per the Board of Directors this so-called drag along right overrides Degen's presale right.
Burgener has joined his side in the dispute about the owners. Degen wants to take advantage of his right to first refusal to 16.4 million Francs. Burgener was able to transfer his 80-percent stake in the company to Basel Dream & Vision AG however, Degen is able to obtain an injunction to stop the sale. https://www.watson.ch/sport/fussball/110905178-fc-basel-unerwuenschter-eigentuemer-das-drama-des-bernhard-burgener is which is a British asset manager, would also be able to hold an interest in the new entity. Burgener is still the most popular choice.
According to the announcement from FC Basel Holding AG, Burgener and Degen are reportedly seeking an out-of-court settlement "in the interests of FCB".
Website: https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/bernhard-burgener-uefa-und-finanzinvestor-verhandeln-ueber-champions-league-beteiligung-dieser-mann-ist-der-strippenzieher/27184844.html
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