Beat Zaugg, the patron at bike manufacturer Scott for decades, received around 128 million euros for 50.01% of his shares back in 2015. As in the recently announced ruling by the ICC arbitration court, Zaugg must hand over his remaining 47% of Scott shares to majority shareholder Youngone. What sums are involved here, how much wealth does Zaugg stand to gain from the loss of his company?

There are two major shareholders at Scott: Youngone from South Korea with slightly more than half and former patron Beat Zaugg with around 47 percent. A fierce dispute broke out between the once harmonious companions, legal action followed and now a ruling by the International Chamber of Commerce has been issued: Zaugg must sell.

Over the Easter holidays, the power struggle between Scott CEO Beat Zaugg and South Korean majority shareholder Youngone comes to a head. But that's not the end of it: the police even ride up to Scott's headquarters in Givisiez, Fribourg. Only now is it clear: the reason is allegedly armed South Korean security forces, the police were called by Zaugg.

There was considerable turbulence at Scott following the departure of patron Beat Zaugg. A succession plan has now been put in place: financial expert Juwon Kim has joined from majority shareholder Youngone and Pascal Ducrot has joined from Scott. Together, they will act as co-CEOs, supported by an executive leadership team.

The power struggle is over: Beat Zaugg is no longer in office as patron at Scott. The South Korean majority owner Youngone has prevailed, but a compromise appears to be underway. A headhunting agency is looking for a new CEO for Scott.

According to Juwon Kim from Scott's South Korean majority shareholder Youngone, Beat Zaugg has been dismissed without notice by the Scott Board of Directors. And the native of Bern, who has been at the helm of Scott since 1993, is no longer CEO. But Zaugg denies this and continues to work.

One person is closely associated with the Scott brand - at least behind the scenes: Beat Zaugg. Since 2015, the Korean company Youngone has been the majority shareholder with more than 50 percent of Scott shares. The Board of Directors has now dismissed Beat Zaugg as CEO without notice in his absence.