Sitewide link dilema

[shauny35]

About 3 years ago I acquired a sitewide sidebar backlink on very good site.  Today 3 years later my site has 27,080 backlinks from the same domain with the same anchor text and I am concerned this could be doing my site more harm than good.

The site is good quality well indexed PR5, some inner pages also have good PR.

My dilemmas are:

Should I have the link removed or leave it put?

Would taking down so many links in one go do me harm?

My instinct would be to remove the sitewide and just keep the homepage link but that is not an option

Can anyone help?

Thanks

[EGOL]

You say that this is a very good site.

Instead of worrying about it I would be yelling YEEE HAAA! out the window on every morning that those links are still there.... and depending upon who owns that site I would send him/her thank you gifts of wine, imported beer, chewing tobacco or roses just as a thank you.

That's what I think.  Others might disagree.