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Burgener wants to make it compulsory for Degen to sell his shares
Bernhard Burgener requested the sale David Degen's shares.

Bernhard Burgener is suing David Degen in the FC Basel ownership dispute. Burgener's plans are supported by the Board of Directors. Bernhard Burgener Bernhard Burgener However, no agreement has been reached. Monday's meeting of FC Basel Holding AG's Board of Directors of FC Basel Holding AG was a success. Bernhard Burgener 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. According to a statement by the holding company, he demanded Degen to allow his share to be transferred to Basel Dream & Vision AG.

In doing so it is the Board of Directors relies on an agreement with the law firm which permits Burgener to transfer its shares to the shareholders of minority shareholders on the same conditions. The drag-along option is believed superior to Degen's pre-sales right.

Burgener and his crew have made a move in the dispute over the owners. Degen insists on his right to first refusal, which he is seeking to exercise in exchange for 16.4 million francs. Burgener's stake of 80% in Basel Dream & Vision AG was restricted by a super-provisional order. Centricus, which is a British asset manager, will also be able to own part of this new company. Burgener will remain the most popular vote.

According FC Basel Holding AG's announcement Burgener and Degen are seeking an out of court settlement "in the best interests of FCB." Bernhard Burgener
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