Sale of Swiss ice hockey champion's shares was 'above board'

A transfer of shares in Swiss ice hockey champions Fribourg-Gottéron was carried out in accordance with regulations, the cantonal authorities have ruled. The sale of shares in the ice hockey club by Fribourg Cantonal Bank (FCB) to a company owned by the family of the bank's chair, Albert Michel, had come under scrutiny. Following an investigation, the cantonal government has declared the matter closed. The sale of the FCB’s shares in Fribourg-Gottéron had been made to an entity controlled by…