The years-long power struggle surrounding the sporting goods manufacturer Scott has come to a clear end. What began as a partnership between company patron Beat Zaugg and the South Korean investor ended in one of the most spectacular corporate disputes in the bike industry. At the finale, it becomes clear: Zaugg is out, but his account is full to bursting.

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.

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 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.

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.