Paul Kemsley: Difference between revisions
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'''Paul Zeital Kemsley''' (born August 1967 in [[Middlesex Hospital]], [[Central London]]), is |
'''Paul Zeital Kemsley''' (born August 1967 in [[Middlesex Hospital]], [[Central London]]), is a successful [[England|English]] businessman. He is best known as a property developer, and to sports fans as a former Vice-Chairman of [[Premier League]] [[football (soccer)|football]] club [[Tottenham Hotspur F.C.|Tottenham Hotspur]] and Chairman of the [[New York Cosmos (2010)]]. <ref>http://www.nycosmos.com/about/</ref> |
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==Biography== |
==Biography== |
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He was educated at Atholl School in [[Rayners Lane]], Harrow. At the age of 15 Kemsley worked on Saturdays at John Paul Menswear, which led him to meeting [[Mike Ashley (businessman)|Mike Ashley]], who opened his first [[Sports World]] equipment outlet across the road. They would play [[darts]] for money on quiet afternoons.<ref name="PropWeek1">{{citeweb|url=http://www.propertyweek.com/story.asp?sectioncode=38&storycode=3088809|title=Rock on a roll|author=Hodgekiss, Anna|publisher=Property Week|date=2007-06-08|accessdate=2008-06-07}}</ref> |
He was educated at Atholl School in [[Rayners Lane]], Harrow. At the age of 15 Kemsley worked on Saturdays at John Paul Menswear, which led him to meeting [[Mike Ashley (businessman)|Mike Ashley]], who opened his first [[Sports World]] equipment outlet across the road. They would play [[darts]] for money on quiet afternoons.<ref name="PropWeek1">{{citeweb|url=http://www.propertyweek.com/story.asp?sectioncode=38&storycode=3088809|title=Rock on a roll|author=Hodgekiss, Anna|publisher=Property Week|date=2007-06-08|accessdate=2008-06-07}}</ref> |
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Kemsley left school in 1984, at the age of 17, and began working at Gross Fine as a junior surveyor. Then, from 1985 to 1992, Kemsley worked as an agent at the commercial real-estate firm Ross Jaye. In 1992, he decided to leave and join his old friend Ashley at [[Sports Direct]] |
Kemsley left school in 1984, at the age of 17, and began working at Gross Fine as a junior surveyor. Then, from 1985 to 1992, Kemsley worked as an agent at the commercial real-estate firm Ross Jaye. In 1992, he decided to leave and join his old friend Ashley at [[Sports Direct]] where he helped to expand the group.<ref name="PropWeek1"/> |
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By 1995, Kemsley wanted to start his own buisness and he established a property and securities company with "the £1,800 he had left in his pocket |
By 1995, Kemsley wanted to start his own buisness and he established a property and securities company with "the £1,800 he had left in his pocket," Rock Joint Ventures Ltd with [[Joe Lewis (British businessman)|Joe Lewis]] of [[ENIC Group]], a British investment company.<ref name="PropWeek1"/> Rock specialized in commercial and residential property including development, investment, and trading. They also had a private hedge fund that specialized in acquiring strategic stakes in public companies, the most well-known being their 28% share in [[Countryside Properties]] plc in 2004, which they sold to the chairman for a profit of £12 million.<ref name=Times1/> |
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By 2007, Rock's property portfolio was valued at £750 million.<ref name="PropWeek1"/> Lewis parted from the company around that time |
By 2007, Rock's property portfolio was valued at £750 million.<ref name="PropWeek1"/> After Lewis parted from the company around that time, it set up a joint venture with [[HBOS]] to build a £1bn property portfolio. However, in the wake of the [[financial crisis of 2007–2010]], Rock was placed into [[Administration (law)|administration]] in June 2009, ending Kemsley's involvement.<ref>[http://www.ft.com/cms/s/0/28ede272-5073-11de-9530-00144feabdc0.html?nclick_check=1 Rock goes into administration], ''Financial Times'', 3 June 2009</ref><ref name=Times2>[http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article6426747.ece Rock crumbles and Sir Alan Sugar’s interrogator Paul Kemsley exits stage left], ''The Times'', 4 June 2009. Includes photograph</ref> |
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Kemsley is known as a close friend of Mike Ashley, [[Philip Green|Sir Philip Green]] and [[Sir Alan Sugar]].<ref name=Times1/> It was through his friendship with Sugar that Kemsley played a part in the ENIC/Levy partnership's purchase of a majority share holding in Tottenham Hotspur. Kemsley later appeared as one of Sir Alan's interviewer/advisors on the UK [[BBC]] edition of ''[[The Apprentice (UK series four)#Week 11: Interviews - Semi Finals|The Apprentice]]'' from 2005 to 2008.<ref name=Times2/> |
Kemsley is known as a close friend of Mike Ashley, [[Philip Green|Sir Philip Green]] and [[Sir Alan Sugar]].<ref name=Times1/> It was through his friendship with Sugar that Kemsley played a part in the ENIC/Levy partnership's purchase of a majority share holding in Tottenham Hotspur. Kemsley later appeared as one of Sir Alan's interviewer/advisors on the UK [[BBC]] edition of ''[[The Apprentice (UK series four)#Week 11: Interviews - Semi Finals|The Apprentice]]'' from 2005 to 2008.<ref name=Times2/> |
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Kemsley is well known as an aggressive player in the property business.<ref name=Times2/> In his most successful property deal he bought 27-35 Poultry, an office block in the [[City of London]], for £40 million in May 2006. He then sold it within five months to a former Russian government minister for £72 million.<ref name=Times2/> |
Kemsley is well known as an aggressive player in the property business.<ref name=Times2/> In his most successful property deal he bought 27-35 Poultry, an office block in the [[City of London]], for £40 million in May 2006. He then sold it within five months to a former Russian government minister for £72 million.<ref name=Times2/> His personal wealth was estimated at £180 million in the [[Sunday Times Rich List 2008]].<ref name=Times2/> |
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In 2009, he led a group of substantial investors to purchase the rights to the [[New York Cosmos (2010)]]. Under this new ownership, the team continues its tradition of greatness for the next generation and vows to maintain the same ethos that made The New York Cosmos the most celebrated soccer club in the history of the United States. As part of its rebirth, and with soccer legend and former Cosmos star [[Pelé]] as the Honorary President, The New York Cosmos will continue to inspire and develop the youth through academies, camps and clinics, while also attracting world-class soccer players to participate in its soccer movement. The club and Kemsley’s ultimate vision is to be a part of [[Major League Soccer]] and to compete for the championship. |
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His personal wealth was estimated at £180 million in the [[Sunday Times Rich List 2008]].<ref name=Times2/> However, in September 2008 he placed a series of large bets that doomed US bank [[Lehman Brothers]] would recover, and in May 2009 the [[spread betting]] company Spreadex took legal action against him, claiming that he was liable to pay a [[margin call]] of £2 million. His friend Green was reported as offering to lend him the money to meet the call.<ref name=Lehman>[http://www.guardian.co.uk/business/2009/may/24/paul-kemsley-lehman-bets-spreadex Lehmans bet lands tycoon in high court], ''The Observer'', 24 May 2009</ref> |
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<ref>{{cite web |
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{{As of|2010}} he is in New York, leading a bold attempt to relaunch the [[New York Cosmos (2010)|New York Cosmos]] soccer club.<ref name="Tycoonseeksfundingto reviveNYCosmos ">{{cite web |
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|url=http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/7884424/Tycoon-seeks-funding-to-revive-NY-Cosmos.html |
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|title=Tycoon seeks funding to revive NY Cosmos |
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|year=2010 |
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|accessdate=2010-07-11 |
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|publisher=[[Daily Telegraph]] |
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}}</ref> In August 2010, he became the Chairman,<ref>[http://www.nycosmos.com/about/ The Club] at NY Cosmos website. Retrieved 2010-08-13</ref> with soccer legend and former Cosmos star [[Pelé]] as Honorary President.<ref>{{cite web |
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|url=http://www.nycosmos.com/wp-content/uploads/2010/08/New-York-Cosmos-Press-Release-Final-for-Website.pdf |
|url=http://www.nycosmos.com/wp-content/uploads/2010/08/New-York-Cosmos-Press-Release-Final-for-Website.pdf |
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|title=Legendary Pele and the World-Renowned New York Cosmos Score a Comeback |
|title=Legendary Pele and the World-Renowned New York Cosmos Score a Comeback |
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|accessdate=2010-08-01 |
|accessdate=2010-08-01 |
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|publisher=''[[New York Cosmos]]'' |
|publisher=''[[New York Cosmos]]'' |
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}}</ref> |
}}</ref> |
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Kemsley currently resides in New York where he continues to build this famous soccer team. |
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==Personal life== |
==Personal life== |
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He is known to support many charitable causes and is still a passionate soccer fan. |
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He is married to Loretta (née Gold) from Portsmouth. The couple have three children and were living in [[Radlett]], [[Hertfordshire]] in 2007,<ref name="PropWeek1"/> but have since moved to America.<ref name=Times2/> He actively supports various charitable causes.<ref name="PropWeek1"/> |
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== References == |
== References == |
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Revision as of 13:40, 27 September 2010
Paul Kemsley | |
|---|---|
| File:PaulKemsley.png | |
| Born | 1967 London, UK |
| Nationality | British |
| Occupation(s) | Football chairman, property developer |
Paul Zeital Kemsley (born August 1967 in Middlesex Hospital, Central London), is a successful English businessman. He is best known as a property developer, and to sports fans as a former Vice-Chairman of Premier League football club Tottenham Hotspur and Chairman of the New York Cosmos (2010). [1]
Biography
He was educated at Atholl School in Rayners Lane, Harrow. At the age of 15 Kemsley worked on Saturdays at John Paul Menswear, which led him to meeting Mike Ashley, who opened his first Sports World equipment outlet across the road. They would play darts for money on quiet afternoons.[2]
Kemsley left school in 1984, at the age of 17, and began working at Gross Fine as a junior surveyor. Then, from 1985 to 1992, Kemsley worked as an agent at the commercial real-estate firm Ross Jaye. In 1992, he decided to leave and join his old friend Ashley at Sports Direct where he helped to expand the group.[2]
By 1995, Kemsley wanted to start his own buisness and he established a property and securities company with "the £1,800 he had left in his pocket," Rock Joint Ventures Ltd with Joe Lewis of ENIC Group, a British investment company.[2] Rock specialized in commercial and residential property including development, investment, and trading. They also had a private hedge fund that specialized in acquiring strategic stakes in public companies, the most well-known being their 28% share in Countryside Properties plc in 2004, which they sold to the chairman for a profit of £12 million.[3]
By 2007, Rock's property portfolio was valued at £750 million.[2] After Lewis parted from the company around that time, it set up a joint venture with HBOS to build a £1bn property portfolio. However, in the wake of the financial crisis of 2007–2010, Rock was placed into administration in June 2009, ending Kemsley's involvement.[4][5]
Kemsley is known as a close friend of Mike Ashley, Sir Philip Green and Sir Alan Sugar.[3] It was through his friendship with Sugar that Kemsley played a part in the ENIC/Levy partnership's purchase of a majority share holding in Tottenham Hotspur. Kemsley later appeared as one of Sir Alan's interviewer/advisors on the UK BBC edition of The Apprentice from 2005 to 2008.[5]
Kemsley is well known as an aggressive player in the property business.[5] In his most successful property deal he bought 27-35 Poultry, an office block in the City of London, for £40 million in May 2006. He then sold it within five months to a former Russian government minister for £72 million.[5] His personal wealth was estimated at £180 million in the Sunday Times Rich List 2008.[5]
In 2009, he led a group of substantial investors to purchase the rights to the New York Cosmos (2010). Under this new ownership, the team continues its tradition of greatness for the next generation and vows to maintain the same ethos that made The New York Cosmos the most celebrated soccer club in the history of the United States. As part of its rebirth, and with soccer legend and former Cosmos star Pelé as the Honorary President, The New York Cosmos will continue to inspire and develop the youth through academies, camps and clinics, while also attracting world-class soccer players to participate in its soccer movement. The club and Kemsley’s ultimate vision is to be a part of Major League Soccer and to compete for the championship. [6]
Kemsley currently resides in New York where he continues to build this famous soccer team.
Personal life
He is known to support many charitable causes and is still a passionate soccer fan.
References
- ^ http://www.nycosmos.com/about/
- ^ a b c d Hodgekiss, Anna (2007-06-08). "Rock on a roll". Property Week. Retrieved 2008-06-07.
- ^ a b Cite error: The named reference
Times1was invoked but never defined (see the help page). - ^ Rock goes into administration, Financial Times, 3 June 2009
- ^ a b c d e Rock crumbles and Sir Alan Sugar’s interrogator Paul Kemsley exits stage left, The Times, 4 June 2009. Includes photograph
- ^ "Legendary Pele and the World-Renowned New York Cosmos Score a Comeback" (PDF). New York Cosmos. 2010-08-01. Retrieved 2010-08-01.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help)
External links
- Spurs vice-chairman Kemsley quits at BBC News Online, 17 October 2007