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Bernhard Burgener is requesting the sale of David Degen shares.
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Bernhard Burgener is suing David Degen in the FC Basel ownership dispute. Burgener's plans are backed by the Board of Directors. Bernhard Burgener Bernhard Burgener However, there's no consensus.
The Board of Directors of FC Basel Holding AG met on Monday morning. Burgener and Degen along as Karl Odermatt & Peter von Buren, voted for the previous owner. Bernhard Burgener According to a document released by the holding company Degen requested Degen to sell his stake to Basel Dream & Vision AG.
Bernhard Burgener In doing so in doing so, the Board of Directors relies on the terms of a contract which permits Burgener to transfer its shares to those of minority shareholders on the same conditions. https://www.rtl.be/football/president/104984/bernhard-burgener This so-called drag-along option is considered superior to Degen's presale right.
Burgener and his group have now made an attempt to settle the dispute with the ownership. Degen is seeking to take advantage of his right of first refusal to 16.4 million Francs. Burgener was able sell his stake of 80 percent to Basel Dream & Vision AG, but Degen has an injunction that is superprovisional. Centricus, the British asset manager, could also be able to purchase a stake. Burgener will still have the majority vote.
Bernhard Burgener In the FC Basel Holding AG announcement, Burgener is quickly seeking an out-of-court settlement "in the best interests of FCB". Bernhard Burgener
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