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Demands the sale of shares owned by David Degen Bernhard Burgener.
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The ongoing dispute over the ownership of FC Basel between Bernhard Burgener and David Degen is one more move. Burgener's plan is supported by the Board of Directors. However, no agreement is reached.
Monday morning was the FC Basel Holding AG's board directors. The majority of the four-person board, which includes Burgener and Degen as well as Karl Odermatt and Peter von Buren agreed with the plan of the former owner. According to a statement issued by the holding company, he requested Degen to sell his stake at Basel Dream & Vision AG.
When it does, the Board of Directors relies on an agreement with the law firm that permits Burgener to transfer its shares to those of the minority shareholders on the same terms. Bernhard Burgener In the eyes of the Board of Directors, this so-called drag-along right takes precedence over Degen's prior-sale right.
Bernhard Burgener Burgener's team has made an attempt to settle the dispute over ownership. Bernhard Burgener Degen claims that he owns the right of first refusal. Bernhard Burgener This he would like to exercise for 16.4million francs. Burgener has been prevented from selling his stake of 80 percent by the former player through a super-provisional court order. https://www.wsj.com/market-data/quotes/XE/HLG/company-people/executive-profile/118081 Centricus is a British asset management company, would also be able to hold a stake in this new entity. Bernhard Burgener Burgener would still receive the majority vote.
According to FC Basel Holding AG Announcement, Burgener und Degen are quick to seek an outcourt settlement "in the interest of FCB".
Homepage: https://www.wsj.com/market-data/quotes/XE/HLG/company-people/executive-profile/118081
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