Rick Curl Resigns; CUBU Begins Healing Process

BALTIMORE, Maryland, August 1. AS a result of recent revelations surrounding USA Swimming club coach Rick Curl, the club management accepted Curl's resignation effective immediately and issued the following statement to its families.

Dear Families:

We are writing to provide a further update on the actions CUBU is taking to put the interests of our swimmers first while we also ensure the continued growth and strength of our Club.

Following his leave of absence last week, Rick Curl has resigned his position, effective immediately, as President of Curl Burke Swim Club, recently renamed CUBU Swim Club. Tom Ugast, the Club's Director of Operations, has been named our acting Chief Executive Officer.

In addition, Club management has decided, in an abundance of caution, to establish a segregated account that will control all registration and dues paid for the 2012-13 season and manage disbursements to make certain that current and future funds are used only to pay for pools, coaches and related operating activities.

Art Davis, a local attorney who is well known to the Club and the swimming community, and who is also a CPA and highly experienced in trust and escrow account matters, has been retained in a fiduciary capacity for these segregated funds.

Tom and Art will work together to manage all business operations of the Club while coaches will continue to handle their training sites.

Club management is also consulting with coaches, parents, swimmers and various experts to explore other oversight reforms that may be appropriate to increase participation, transparency and accountability in its leadership, and ensure that the Club is a national leader in its compliance with USA Swimming rules and its Code of Conduct, in particular, the Articles dealing with Athlete Protection Policies, and Reporting Requirements.

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