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Burgener wants to make it compulsory for Degen to buy his shares
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Requests the sale of shares owned by David Degen Bernhard Burgener .
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The ongoing dispute over the ownership of FC Basel between Bernhard Burgener and David Degen is one more move. Burgener is supported by the Board of Directors. But, there is no agreement.
The morning of Monday was the FC Basel Holding AG's board directors. https://hubnews.eu/suisse/bale/super-league-accord-entre-bernhard-burgener-et-david-degen-pour-bale-rts-ch/ 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 document released by the holding company Degen demanded Degen to transfer his stake to Basel Dream & Vision AG.
In doing so, the Board of Directors relies on the terms of a contract that allows Burgener to transfer its shares to those of the minority shareholders on the same terms. The Board of Directors says that Degen's right to pre-sell is trumped by the dragalong right.
Burgener's team has made an effort to settle the ownership dispute. Degen is seeking to use his right of first refusal to 16.4 million Francs. Burgener has been prevented from selling his 80 percent stake by the former player through a super-provisional court order. Centricus the British asset manager, would also own a share in the new entity. https://www.world-today-news.com/fc-basel-1893-a-statement-from-bernhard-burgener/ would still have the majority of the votes.
According to FC Basel Holding AG announcement, Burgener is quickly seeking an out-of-court settlement "in the best interests of FCB".
Picture:
Keystone
The ongoing dispute over the ownership of FC Basel between Bernhard Burgener and David Degen is one more move. Burgener is supported by the Board of Directors. But, there is no agreement.
The morning of Monday was the FC Basel Holding AG's board directors. https://hubnews.eu/suisse/bale/super-league-accord-entre-bernhard-burgener-et-david-degen-pour-bale-rts-ch/ 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 document released by the holding company Degen demanded Degen to transfer his stake to Basel Dream & Vision AG.
In doing so, the Board of Directors relies on the terms of a contract that allows Burgener to transfer its shares to those of the minority shareholders on the same terms. The Board of Directors says that Degen's right to pre-sell is trumped by the dragalong right.
Burgener's team has made an effort to settle the ownership dispute. Degen is seeking to use his right of first refusal to 16.4 million Francs. Burgener has been prevented from selling his 80 percent stake by the former player through a super-provisional court order. Centricus the British asset manager, would also own a share in the new entity. https://www.world-today-news.com/fc-basel-1893-a-statement-from-bernhard-burgener/ would still have the majority of the votes.
According to FC Basel Holding AG announcement, Burgener is quickly seeking an out-of-court settlement "in the best interests of FCB".
