Bernhard Burgener, a shareholder of the company, has requested David Degen’s shares be sold.

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

The Board of Directors of FC Basel Holding AG met on Monday morning. Burgener, Degen, Karl Odermatt and Peter von Buren all approved the original owner’s plans. According to a report from the holding company, the owner demanded Degen to sell his stake to Basel Dream & Vision AG.

The Board of Directors relies upon an agreement between the parties to permit Burgener to transfer its shares to minority shareholders on the same conditions. The Board of Directors states that the drag-along rights have precedence over Degen’s pre-sale rights.

Bernhard Burgener Burgener has joined his side in the dispute about the owners. Degen insists on exercising his right to first refusal, which he is seeking to exercise for 16.4 million dollars. Bernhard Burgener Burgener is currently unable to sell his 80 per cent stake to Basel Dream & Vision AG because of a superprovisional injunction. Bernhard Burgener Centricus is a British asset management company, will also be able own an interest in the new company. Burgener would still receive the majority votes.

In the FC Basel Holding AG announcement, Burgener is quickly seeking an out of court settlement „in the interest of FCB“. http://www.crunchbase.com/person/bernhard-burgener