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Bernhard Burgener asks for the sale of David Degen shares.
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Another issue is the ownership dispute at FC Basel between Bernhard Burgener und David Degen. http://idea.informer.com/users/bernhard-bur/?what=personal are backed by the Board of Directors. But, no agreement has been reached.
https://www.transtats.bts.gov/exit.asp?url=https://www.wsj.com/market-data/quotes/XE/HLG/company-people/executive-profile/118081 of Directors met on Monday early in the morning. Burgener, Degen, Karl Odermatt and Peter von Buren voted in favor of the previous owner's plans. In a report by the holding company Degen requested Degen to let him sell his stake at Basel Dream & Vision AG.
The Board of Directors relies upon an agreement between the parties to permit Burgener to transfer its shares to minority shareholders under the same terms. This drag-along method is considered superior to Degen's presale right.
Burgener and his group are now making an attempt to settle the dispute over the owners. Degen insists upon his right to first refusal. He would like to use it to the value of 16.4 millions of francs. By a super-provisional injunction the former player has thus far prevented Burgener from being permitted to sell his stake of 80 percent to Basel Dream & Vision AG. Centricus is the British asset manager, would also be a shareholder in the company. Burgener would continue to receive majority vote.
According to the announcement from FC Basel Holding AG, Burgener and Degen are quickly seeking an out-of-court settlement "in the interest of FCB".
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