Bjerregaard resigns, Bröndby’s stock skyrockets

The control situation and other unresolved matters in the football club Bröndby IF (CPH: BIF B) has kept it from being a viable investments. Today investors and speculators alike allowed themselves to start hoping after Executive Director and Chairman of the Board Per Bjerregaard resigned effective immediately. Sten Lerche takes over as Chairman. Bjerregaard said years of rumours and myths in the media contributed into his resignation and he feels the management needs to be able to work in peace to return the club into prominence. He maintains a less prominent role. The share shot up by 33% and is still up nearly 25% for the day.