René Jäggi has sold his remaining minority stake in Romika, the German casual shoe company, to three members of its management as the former CEO of Adidas has decided to extend his contract with the FC Kaiserslautern soccer team until 2006, contrary to a previous report. Jäggi, who has improved the financial situation of the club since he stepped in as chairman in the fall of 2002, has agreed to manage also the town’s hosting of the 2006 FIFA World Cup. He had previously sold a 50 percent stake in Romika to Natural Wood, an offshoot of the Singapore sourcing company. His remaining shares are now owned by Romika’s joint managing directors, Marco Guicciardi and Heinz Weber, and by Jacques Hanssens, a former managing director who is acting as the brand’s agent in France, Spain and the Benelux countries.