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Bernhard Burgener has requested the sale of David Degen’s shares.
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Keystone
Bernhard Burgener, David Degen and their disagreement over FC Basel's owner is only the latest step. The Board of Directors supports Burgener's plans. However, there is still no agreement.
The Board of Directors of FC Basel Holding AG met on Monday morning. Burgener and Degen were joined by Karl Odermatt (and Peter von Buren) on the four-member committee that approved the plan of the previous owner. According to a statement by the holding company Degen requested Degen to buy his stake at Basel Dream & Vision AG.
Burgener is able to sell shares of its to shareholders who are minor according to a legally enforceable law. According to the Board of Directors, this drag-along rights is preeminent over Degen's pre-sale right.
Bernhard Burgener The Burgener team has made an effort to settle the ownership dispute. https://www.breizh-info.com/2022/05/23/187018/gerer-luttes-de-pouvoir-et-negociation-selon-bernhard-burgener/ Bernhard Burgener Degen insists on exercising his right of first refusal, which he is seeking to exercise at 16.4 million dollars. Bernhard Burgener Burgener was able to transfer his 80-percent stake in the company to Basel Dream & Vision AG, but Degen has an injunction to stop the sale. Centricus which is an British asset management firm will also have a stake. Bernhard Burgener Burgener would still be the most popular vote.
In the FC Basel Holding AG announcement, Burgener is quickly seeking an out-of-court settlement "in interest of FCB".
Here's my website: https://www.wsj.com/market-data/quotes/XE/HLG/company-people/executive-profile/118081
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