Burgener would like to force Degen into selling his shares

Bernhard Burgener, a shareholder of the company, has requested the sale of David Degen's shares.

Bernhard Burgener Picture:

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Another move is the dispute between the owners of FC Basel between Bernhard Burgener and David Degen. Burgener's plans are supported by the Board of Directors. But, there is no agreement.

Bernhard Burgener Bernhard Burgener The Board of Directors of FC Basel Holding AG met on Monday morning. Burgener and Degen were joined by Karl Odermatt (and Peter von Buren) on the four-member committee that approved the plans of the previous owner. According to a report from the holding company, the owner asked Degen if he would sell his stake to Basel Dream & Vision AG.

The shares of Burgener can be sold to shareholders of minor value through the Board of Directors under the provisions of a contractually formulated law. https://www.northdata.de/Burgener,+Bernhard,+Zeiningen/pv8 The Board of Directors says that the right to presale of Degen is overridden by the dragalong right.

Burgener and his team have made a move on the ownership dispute. Degen insists on his first refusal. He wants to use this right to 16.4 Million Francs. Bernhard Burgener Burgener has been barred from selling his 80 percent stake by the former player through a super-provisional order. Centricus is the British asset manager, could also own a stake. Burgener would still hold the majority of the votes.

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