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Bernhard Burgener is requesting the sale of David Degen's shares.
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Bernhard Burgener is suing David Degen in the FC Basel ownership dispute. https://www.abcmoney.co.uk/2022/05/03/champions_league_remains_hands_bernhard_burgener/ Burgener's plans are backed by the Board of Directors. Bernhard Burgener However, there isn't an agreement.
The FC Basel Holding AG Board of Directors met on Monday morning. Burgener, Degen, Karl Odermatt, and Peter von Buren all approved the plans of the previous owner. https://www.wsj.com/market-data/quotes/XE/HLG/company-people/executive-profile/118081 Bernhard Burgener In a report from the holding firm that he was a part of, he asked Degen to sell his stake at Basel Dream & Vision AG.
To do this in doing so, the Board of Directors relies on an agreement with the law firm which permits Burgener to transfer its shares to those of the minority shareholders on the same terms. Bernhard Burgener This so-called drag-along option is considered to be superior to Degen's pre-sales right.
Burgener and his crew have made a move in the dispute between the owners. https://www.munzinger.de/search/portrait/Bernhard+Burgener/0/28040.html Degen insists on his right to first refusal which he is seeking to exercise for 16.4 million francs. Burgener's 80 percent stake in Basel Dream & Vision AG is being restricted by a super-provisional order. Centricus which is an British firm that manages assets will also have a stake. Burgener would hold the majority of votes.
According to FC Basel Holding AG announcement, Burgener is quickly seeking an out of court settlement "in the interest of FCB".
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