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At the end of 2022, David Degen announced a “just in the black” for FCB, but now there is a loss of 1.2 million for the 2022 financial year.
Sebastian WendellReporter football
Because, contrary to the announcement by President David Degen in December (“just in the black”), the Board of Directors of FC Basel 1893 AG expects a loss of CHF 1.2 million for the 2022 financial year, the main shareholders are giving the club members a choice: either the club contributes CHF 300,000 pro rata to cover the loss by February 10th. Or he will only own 10 instead of 25 percent of the shares in the future.
“It’s not blackmail,” says club president Reto Baumgartner to Blick, “but the procedure causes a frown.” In principle, it is legitimate to demand a share from every shareholder to cover losses. But on the one hand, the schedule is sporty: “Our account balance does not give the 300,000 francs,” says Baumgartner.
On the other hand, it was previously considered taboo to tap into the club to cover losses. In the past, this happened through grants from the equity of the superordinate FCB Holding AG or – keyword Gigi Oeri – through patronage.
Will FCB shares be sold?
The holding capital of once 77 million has been used up since 2017. But with Ursula Rey-Krayer, her husband Andreas Rey and Dan Holzmann, Degen has comrades-in-arms on the boards of directors of the AG and Holding, with whom he controls 75 percent of the AG and for whom 300,000 francs, measured in terms of their assets, are nothing.
The FCB construct
The roof of the FCB construct is FCB Holding AG. It is owned by major shareholders David Degen, Ursula Rey-Krayer, Andreas Rey and Dan Holzmann. The holding company owns 75 percent of the shares in FC Basel 1893 AG, in which the professional department, the youth (U15-U21) and the office are located. The FC Basel 1893 club owns the remaining 25 percent of the AG. The AG and the club each have a right of first refusal for the shares of the other party. whom
The roof of the FCB construct is FCB Holding AG. It is owned by major shareholders David Degen, Ursula Rey-Krayer, Andreas Rey and Dan Holzmann. The holding company owns 75 percent of the shares in FC Basel 1893 AG, in which the professional department, the youth (U15-U21) and the office are located. The FC Basel 1893 club owns the remaining 25 percent of the AG. The AG and the club each have a right of first refusal for the shares of the other party. whom
So the question arises: What is really behind the threat of Degen and Co.? Without high transfer and European Cup income, losses can be expected in the future that will be significantly higher than the current 1.2 million. One theory is that the board of directors are preparing to sell their shares: by speculating on the club’s insolvency in order to increase their own share package to 90 percent, which in turn would be more attractive to potential external buyers.
Emotional AGM expected
The feedback that Baumgartner received from some of the approximately 8,000 members of the association ranged from “of course we will help” to clear rejection. The association’s extraordinary general assembly on February 7 is likely to be emotional. Baumgartner hopes that voters will follow the board’s call to pay the CHF 300,000 by increasing membership fees or through fundraising. “Because it is important that the club continues to have a strong voice throughout the construct.” Spicy: Because the payment deadline expires three days after the AGM, Baumgartner has to find a CHF 300,000 loan from private individuals or companies in advance.
The FCB did not want to comment on Wednesday, but announced an early statement.
Credit Suisse Super League
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