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Furbert must stand down - Symonds

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Calvin (Bummy) Symonds (left)

PHC legend Cal (Bummy) Symonds has called for a shake-up of the club's management.PHC president Chris Furbert and his fellow executives have come under increasing fire lately for the slow progress of PHC's new multi-dimensional complex at Stadium Lane in Warwick. They have also been blamed for dragging the club into debt.Symonds, who is a past Zebras player and coach, believes that heads must roll in order for the club to get back on its feet starting at the top.“The leadership has to be changed and I've always said that a man running a big organisation like the Bermuda Industrial Union (BIU) and PHC can't work,” Symonds told The Royal Gazette. “Mr Furbert has to give one of them up and I've already told him that.”In 2000, PHC embarked on an ambitious development plan to upgrade its facility in Warwick. But to date only the first phase of the three-phase project has been completed.That phase entailed resurfacing of the playing field and installation of a new lighting system that was financed by the $1.2 million PHC borrowed from the BIU in 2001.The club has yet to commence the second phase because of a lack of funding. That that will feature a 2500 seat multi-purpose room, health club as well as a youth club.Symonds, who is a life member of PHC, is among those who feel that the multi-million project in Warwick far exceeds the club's needs.“These plans are way over the top,” he said. “First of all the club has to cut back on their plans, they want too many extravagant things at that club.“A lot of things need to be cut back and all they need to do is put up four walls and get a bar going, build dressing rooms for the home and visiting teams and get seating around the stadium because they already have a field and lights up now.“They want a big gymnasium with basketball courts and we're not a basketball club, we are a football and cricket club. We also don't need computer rooms at the club for children.”According to a Government source, PHC repeatedly declined requests to downsize the project and accept the money HSBC were offering during negotiations to secure a loan to finance the project.Club documents reveal that PHC were seeking to borrow between $10 million and $11 million from HSBC who were only willing to lend $8.5 million.The Government source claimed that the bank felt that the planned structure was “too large” and needed to be downsized while the money PHC was seeking to borrow was “too much”.The source added that Government also felt the project was “too elaborate” and urged the club to accept the money the bank was offering.After the BIU made the $1.2 million loan to PHC, ESSO paid the club $1,125.000.00 to lease 22,000 square feet of land at their Warwick property.Monies for leasing the gas station property have been fully paid to PHC.PHC also successfully negotiated a lease agreement that will see the Ministry of Education pay the club as much as $10 million in usage fees over a 20-year period for schools in the zone to use the revamped Warwick complex once it's completed.Since PHC's old clubhouse at Stadium Lane was demolished in 2003, the club has suffered heavy financial losses due to the recession and loss of rental income at their two-storey building on Reid Street, Hamilton.PHC have yet to pay principal on the BIU loan since borrowing the money more than a decade ago. This has raised fears among the club's membership that the Union is on the verge of calling in its loan to the club. However, PHC president Furbert has categorically denied this claim.PHC are currently exploring options to generate revenue to pay off debt and improve the club's financial standing which includes potentially selling the club's Hamilton building estimated to be worth between $3.2 million and $3.6 million.However, like fellow PHC legend Earl (Townsey) Russell, Symonds strongly opposes selling the club's building.Russell expressed his disapproval of selling the building in a recent Royal Gazette article.“Townsey hit the nail right on the head and it ain't no way that club down town is going to be sold because Dr King, James Brown, Irving DeGrilla, Ruby Pearman and all those fellows will come out of their graves,” Symonds declared. “They left that club there for a good reason and whatever money PHC has borrowed I'm sure they can pay it back, but that club is not going to be sold.”