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Sherrill House posted an update 2 years, 11 months ago
Bernhard Burgener requested the sale David Degen’s shares.
Bernhard Burgener Picture:
Keystone
The owner dispute over FC Basel between Bernhard Burgener and David Degen is one more move. Burgener has the support of the Board of Directors. However, no agreement has been reached.
Monday’s meeting of FC Basel Holding AG’s Board of Directors of FC Basel Holding AG was successful. Burgener, Degen, Karl Odermatt and Peter von Buren voted in favor of the plans of the previous owner. According to a statement issued by the holding company Degen demanded Degen to dispose of his stake in Basel Dream & Vision AG.
The shares of Burgener may be sold to minor shareholders through the Board of Directors under the provisions of a contractually formulated law. tbivision.com/tag/bernhard-burgener/ The Board of Directors says that the right to presale of Degen is overridden by the dragalong rights.
Bernhard Burgener Burgener and his team have made a move on the dispute over the owners. Degen is insisting on his right to first refusal. He is seeking to make use of this right for 16.4 million Francs. Burgener was able to sell his 80-percent stake to Basel Dream & Vision AG however, Degen is able to obtain an injunction that is superprovisional. Bernhard Burgener Centricus which is an asset manager from the UK, British asset manager, would also be able to own part of this new venture. Burgener would still have the majority of the votes.
Bernhard Burgener According to FC Basel Holding AG, Burgener (and Degen) are seeking an out-of-court settlement in the “interests of FCB”