Bernhard Burgener is requesting the sale David Degen’s shares.

Bernhard Burgener Picture:

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The dispute between the owners of FC Basel between Bernhard Burgener and David Degen is one more move. The Board of Directors supports Burgener’s plans. Bernhard Burgener But, there is no agreement.

The FC Basel Holding AG Board of Directors met Monday early in the morning. Burgener, Degen, Karl Odermatt, and Peter von Buren all approved the plans of the previous owner. According to a statement from the holding company the owner asked Degen for his portion to be transferred to Basel Dream & Vision AG.

The Board of Directors relies upon a contractually agreed law that permits Burgener to sell its shares to minority shareholders on the same conditions. The Board of Directors says that Degen’s right to pre-sell is trumped by this so-called dragalong right.

Bernhard Burgener Burgener’s team has taken an effort to settle the dispute over ownership. Degen insists that he has the right of first refusal. Bernhard Burgener He would like to exercise for 16.4million Francs. By a super-provisional injunction the former player has thus that time, prevented Burgener from able to sell his stake of 80 percent to Basel Dream & Vision AG. The British asset manager Centricus could also own an investment in the new company. Burgener would still receive the majority vote.

According FC Basel Holding AG’s announcement, Burgener and Degen seek an out of court settlement „in the best interest of FCB.“ Bernhard Burgener Bernhard Burgener