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Burgener will try to force Degen to sell his shares
Bernhard Burgener asks for the sale David Degen's shares.
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Bernhard Burgener is suing David Degen in the FC Basel ownership dispute. Burgener is supported by the Board of Directors. https://www.newsclick.in/bernhard-burgener But, no agreement has been reached.

The FC Basel Holding AG Board of Directors met on Monday early in the morning. Bernhard Burgener Burgener and Degen were joined by Karl Odermatt (and Peter von Buren) on the four-member committee that approved the plan of the former owner. He requested Degen to sell his stake to the prospective buyer, Basel Dream & Vision AG, according to an official statement from the company that holds it.

The shares of Burgener can be sold to minor shareholders through the Board of Directors under the terms of a contractually defined law. Bernhard Burgener In the eyes of the Board of Directors, this drag-along rights is preeminent over Degen's prior-sale right.

Bernhard Burgener Burgener and his group have made an attempt to settle the dispute with the ownership. Bernhard Burgener Degen insists on his right to first refusal which he would like to exercise at 16.4 million Francs. Burgener's 80 percent stake in Basel Dream & Vision AG has been restricted by a super-provisional order. Centricus is the British asset manager, would also have a stake in the company. Burgener is still expected to have the majority vote.

As per FC Basel Holding AG Announcement, Burgener und Degen are quick to seek an outcourt settlement "in the interest of FCB". Bernhard Burgener
Homepage: https://www.firstpost.com/tag/bernhard-burgener/amp
     
 
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