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Bernhard Burgener is requesting the sale of David Degen's shares.
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Keystone
Bernhard Burgener vs David Degen is another move in the FC Basel owner dispute. Burgener is supported by the Board of Directors. However, no agreement is reached.
The Monday morning session was of FC Basel Holding AG's Board Directors. Burgener and Degen were joined by Karl Odermatt (and Peter von Buren) on the four-member committee which approved the plans of the former owner. According to a statement issued by the holding company that he was a part of, he asked Degen to let him sell his stake in Basel Dream & Vision AG.
The Board of Directors relies upon an agreement on a contract to allow Burgener to transfer its shares to minority shareholders under the same terms. The Board of Directors states that the drag-along rights are superior over Degen's pre-sale rights.
The Burgener team has made an effort to settle the ownership dispute. Degen insists on having his right to first refusal. He wants to exercise it for 16.4 millions francs. Burgener is not able to sell his 80 percent stake to Basel Dream & Vision AG because of a superprovisional injunction. Centricus which is a British asset management company, would also hold a stake. Burgener is still the most popular choice.
According to FC Basel Holding AG announcement, Burgener is quickly seeking an out of court settlement "in the best interests of FCB".
Website: https://arsenault-villadsen-2.technetbloggers.de/burgener-is-seeking-to-have-degen-forced-to-sell-his-shares-1653541436
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