Burgener is seeking to have Degen ordered to buy his shares
Bernhard Burgener has requested the sale of David Degen’s shares.
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Keystone
Bernhard Burgener , David Degen and their disagreement regarding FC Basel's owner's name is just one more step. Burgener's plan is supported and supported by the Board of Directors. However there hasn't been any agreement reached.
The FC Basel Holding AG Board of Directors met on Monday early in the morning. Burgener and Degen, along with Karl Odermatt & Peter von Buren were the previous owner. According to a press release issued by the holding company Degen asked Degen to transfer his stake in Basel Dream & Vision AG.
The shares of Burgener can be sold to shareholders of minor value by the Board of Directors under the provisions of a contractually formulated law. In the eyes of the Board of Directors, this so-called drag-along right takes precedence over Degen's pre-sale right.
Burgener's team has taken an effort to settle the dispute over ownership. Degen insists upon his right to first refusal. https://www.lfm.ch/actualite/sport/fc-bale-david-degen-nouvel-homme-fort-du-club/ is seeking to exercise it to the value of 16.4 million francs. Burgener's stake of 80 percent in Basel Dream & Vision AG was blocked by a super-provisional restraining order. Centricus is an asset manager from the UK, British asset manager, will also be able to hold a stake in this new company. https://sortitoutsi.net/football-manager-2020/staff/84150393/bernhard-burgener is still the most popular vote.
According to FC Basel Holding AG announcement, Burgener is quickly seeking an out of court settlement "in the best interests of FCB".