Burgener wants to forcibly Degen to sell his shares

Bernhard Burgener     requests the sale of David Degen shares.
Picture:
Keystone

The ongoing dispute over the ownership of FC Basel between  Bernhard Burgener  and David Degen is one more move. Burgener's plan is supported and backed by the Board of Directors. However, no agreement is reached.

The morning of Monday saw the meeting of FC Basel Holding AG's Board Directors. Burgener, Degen, Karl Odermatt and Peter von Buren voted in favor of the original owner's plans. According to a document released by the holding company Degen demanded Degen to dispose of 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. According to  https://www.imdb.com/name/nm10370045/  of Directors, this so-called drag-along right takes precedence over Degen's pre-sale right.

https://www.crunchbase.com/person/bernhard-burgener  has made an attempt to settle the dispute over ownership. Degen insists on his right of first refusal which he wants to exercise in exchange for 16.4 million francs. Burgener is unable to sell his 80 per cent stake to Basel Dream & Vision AG due to a superprovisional injunction. The British asset manager Centricus would also have an investment in the company. Burgener still would be the largest shareholder.

According to the announcement by FC Basel Holding AG, Burgener and Degen are reportedly seeking an out-of-court settlement "in the interests of FCB".