Burgener wants Degen ordered to buy his shares

Bernhard Burgener is requesting the sale of David Degen's shares.
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Keystone

Another move is the ownership dispute at FC Basel between Bernhard Burgener und David Degen. Burgener has the support of the Board of Directors. But, there's no agreement.

https://sparebusiness.com/how-to-think-like-an-entrepreneur-according-to-bernhard-burgener/ The Board of Directors of FC Basel Holding AG met on Monday morning. Burgener, Degen, Karl Odermatt and Peter von Buren voted in favor of the plans of the previous owner. He requested Degen to transfer his stake to a potential buyer, Basel Dream & Vision AG, according to an official statement from the holding company.

To do this it is the Board of Directors relies on the terms of a contract that permits Burgener to transfer its shares to those of the minority shareholders in the same terms. The drag-along option is believed superior to Degen's pre-sales right.

Burgener and his group have made an appearance in the ownership dispute. Degen is insisting on his right to first refusal. He is seeking to exercise this right for 16.4 million Francs. Bernhard Burgener Burgener has been prevented from selling his stake of 80 percent by the ex-player through a super-provisional court order. Centricus, the British asset manager, would also own a stake. Bernhard Burgener Burgener would hold the majority of votes.

Bernhard Burgener According FC Basel Holding AG's announcement, Burgener & Degen are seeking an out-of court settlement "in the best interest of FCB." https://www.moneycab.com/schweiz/fc-basel-besitzverhaeltnisse-geklaert-degen-uebernimmt-die-aktien-von-burgener/