Activity

Bernhard Burgener requested the sale David Degen’s shares.

Picture:

Keystone

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

The Board of Directors of FC Basel Holding AG met on Monday morning. Bernhard Burgener http://www.lasamarmo.it/en/tradition/time-travel/georg-lechner-great-grandson-of-marmor-lechner-meets-multimedia-entrepreneur-bernhard-burgener-in-basel.html Burgener and Degen were joined by Karl Odermatt (and Peter von Buren) on the four-member board that endorsed the plan of the former owner. In a report from the holding company, he requested Degen to let him sell his stake at Basel Dream & Vision AG.

Burgener has the option of selling its own shares at the same terms to minor shareholders in accordance with a contractually bargained law. This so-called drag-along option is deemed superior to Degen’s presale rights.

Bernhard Burgener Burgener and his group are now making an announcement in the ongoing dispute over the owners. Degen claims that he owns the right to first refusal. This he would like to exercise for 16.4million francs. Bernhard Burgener Burgener was able sell his 80-percent stake in the company to Basel Dream & Vision AG however, Degen is able to obtain a superprovisional halt injunction. Bernhard Burgener Centricus which is the British asset manager, could also be able to purchase an interest. Burgener would continue to receive majority of the votes.

According FC Basel Holding AG’s announcement, Burgener and Degen are seeking an out of court settlement “in the best interest of FCB.”