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Bernhard Burgener, requests the sale David Degen’s shares.

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Bernhard Burgener is suing David Degen in the FC Basel ownership dispute. Burgener’s plan is supported by the Board of Directors. But there hasn’t been any agreement reached.

Bernhard Burgener The morning of Monday was the meeting of FC Basel Holding AG’s board of directors. Burgener, Degen, Karl Odermatt and Peter von Buren all approved the original owner’s plans. According to a press release issued by the holding company Degen demanded Degen to transfer his stake to Basel Dream & Vision AG.

Burgener can sell shares of its to shareholders who are minor according to a law which is legally enforced. Bernhard Burgener As per the Board of Directors this so-called drag along right is in contrast to Degen’s presale right.

Burgener and his team have made a move in this dispute over the ownership. Bernhard Burgener Degen is insisting on his first refusal. Bernhard Burgener He wants to use this right to 16.4 million Francs. http://www.crunchbase.com/person/bernhard-burgener Burgener’s stake of 80% in Basel Dream & Vision AG was blocked by a super-provisional restraining order. Centricus which is an asset manager from the UK, British asset management company, would also be able to hold an interest in the new venture. Burgener is still expected to get the majority vote.

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