Burgener is seeking to force Degen to sell his shares

Bernhard Burgener requests the sale David Degen's shares.

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Keystone

Bernhard Burgener vs David Degen is yet another step in the FC Basel owner dispute. Bernhard Burgener Burgener is supported by the Board of Directors. https://www.bloomberg.com/profile/person/1510114 However, it is impossible to reach an agreement.

Monday morning saw the meeting of FC Basel Holding AG's Board Directors. Burgener, Degen, Karl Odermatt and Peter von Buren all approved the original owner's plans. Bernhard Burgener According to a statement of the holding company he demanded Degen if he would sell the stake to Basel Dream & Vision AG.

Bernhard Burgener Burgener has the option of selling its own shares at the same terms as minor shareholders as per a contract agreed upon law. The Board of Directors states that the drag-along rights have precedence over Degen's pre-sale rights.

Burgener and his team have now made an attempt to settle the dispute over the ownership. https://www.highlight-communications.ch/en/Bernhard-Burgener.htm Degen insists on his right of first refusal which he wants to exercise in exchange for 16.4 million Francs. Burgener is prevented from selling his stake of 80 percent by the former player through a super-provisional order. Centricus the British asset manager, will also own a share in the new company. Burgener would still hold the majority of votes.

According to the announcement by FC Basel Holding AG, Burgener and Degen are reportedly seeking an out-of-court settlement "in the interests of FCB".