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  • Vistisen MacKinnon posted an update 1 month ago

    Bernhard Burgener requested the sale David Degen’s shares.

    Picture:

    Keystone

    Bernhard Burgener vs David Degen is another move in the FC Basel owner dispute. Burgener’s plans are supported by the Board of Directors. But, there’s no agreement.

    The morning of Monday was the day of FC Basel Holding AG’s board of directors. Burgener, Degen, Karl Odermatt, and Peter von Buren all approved the plans of the previous owner. Bernhard Burgener According to a document released by the holding company Degen asked Degen to transfer his stake to Basel Dream & Vision AG.

    Burgener is able to sell its own shares on the same terms to the minor shareholders under a contractually bargained law. The Board of Directors says that the right to presale of Degen is overridden by the dragalong right.

    Bernhard Burgener Burgener, along with his team, have moved to settle the ownership dispute. Degen is insisting on his right to first refusal. He is seeking to make use of this right to 16.4 Million Francs. Burgener is currently unable to sell his 80 percent stake to Basel Dream & Vision AG due to a superprovisional injunction. Centricus is a British asset management company will also have a stake. Bernhard Burgener Burgener would hold the majority of votes.

    As per FC Basel Holding AG Announcement, Burgener und Degen are quick to seek an outcourt settlement “in the interest of FCB”. Bernhard Burgener Bernhard Burgener