BIU files suit against PHC
The Bermuda Industrial Union has launched legal action against a sports club over unpaid debts from up to 18 years ago.
A writ, filed by the law firm Trott and Duncan on October 2, referenced two promissory notes between the BIU and the Pembroke Hamilton Club, one dated March 26, 2001 and the second on April 15, 2003.
The writ also referenced a collateral mortgage dated April 23, 2003.
Michael Trott, the PHC president, confirmed the legal action yesterday.
He declined further comment and said: “The process is ongoing.”
Chris Furbert, the BIU president and a former PHC president, did not respond to a request for comment.
The case is understood to be linked to a $1.2 million loan made by the union to the club in 2001 to pay for a new lighting system and the resurfacing of the playing field at the club’s Stadium Lane, Warwick grounds.
The loan was to be repaid over a 17-year period through rental income from PHC’s two-storey building on Reid Street in Hamilton.
But it was reported in 2014 that the club had yet to pay the principal on the loan and the union had threatened to seek ownership of the Reid Street building.
The PHC management made out several proposals in 2012 aimed at raising revenue to improve the club’s financial standing and pay off outstanding debt.
Among the proposals was the sale of the Reid Street building, which was rejected by influential club members.
Sherri J leaves Magic 102.7
Dismont demands names of panellists
Edith Richardson 1922-2019
MenCo thrives after style switch-up
Boost for charity from cross-Britain ride
Tweaks to Restaurant Weeks formula announced
Sheridan’s fairytale festive job
Standing room only at healthcare forum
City offers graffitist chance to go ‘legit’
Island embraces subsea cable hub opportunity
DCFS assistant director denies charges
Scars calls for background checks
Online boutique stages holiday season pop-up
BMA forms view on cannabis related risk
Take Our Poll
- What sport do you most prefer to read about in the RG?
- Boxing/Martial Arts
- Rugby Union
- Total Votes: 3826
- Poll Archive