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KEMSLEY Paul
KEMSLEY Paul
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KEMSLEY Paul

KEMSLEY
Paul

English businessman

  • Date of Birth: 23 August 1967
  • Age: 59 years old
  • In the rating: #8 Businessman

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Biography

Paul Zeital Kemsley is an English businessman, property developer and media personality. Since 2016, he has regularly appeared on the American reality television show The Real Housewives of Beverly Hills, alongside his wife Dorit Kemsley. He is the former Vice-Chairman of Premier League football club Tottenham Hotspur and former chairman of the revived New York Cosmos.

Career

Kemsley left school in 1984, at the age of 17, and began working at Gross Fine as a junior surveyor. 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.

Rock Joint Ventures Ltd

By 1995, Kemsley wanted to start his own business and he established a property and securities company with "the £1,800 he had left in his pocket." This was Rock Joint Ventures Ltd, formed with Joe Lewis of ENIC Group, a British investment company, and Spurs chairman Daniel Levy. Rock was an investor and developer of commercial and residential property, but specialized in land trading. It 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.

By 2007, Rock's property portfolio was valued at £750 million. 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. The administrator PwC began selling the major properties of the portfolio, which included the Selhurst Park stadium, in October 2009. HBOS lost hundreds of millions of pounds, and Peter Cummings, the banker who had promoted the joint investments in Kemsley's portfolio, was fined £500,000 by the FSA in 2012. In a lawsuit filed by Kemsley's former partners against HBOS, Kemsley was accused of being involved in a "self-dealing" transaction around a $35 million personal loan from HBOS.

Kemsley was well known as an aggressive player in the property business. In his most successful property deal, he bought 27–35 Poultry, an office block i 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.

Tottenham Hotspur F.C.

Kemsley was a director of Spurs from 2001 through 2006, and Vice-Chairman of the club at the time of his departure in 2007. Levy announced that Kemsley was resigning to focus on his property interests in the United States, but the abrupt departure invited speculation that Kemsley's relationship with Levy had soured. Kemsley's resignation came just weeks after he had been part of a delegation that traveled to Spain in an attempt to sign manager Juande Ramos, a move that was characterized as "mishandled" and which "undermined the club's start to the Premier League season".

The Apprentice

Kemsley is known as a close friend of Mike Ashley, David Pearl, Sir Philip Green and Lord Sugar. 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 Lord Sugar's interviewer/advisors on the UK BBC edition of The Apprentice from 2005 to 2008, but left the show after Rock failed. He explained that he quit because his role no longer made sense following his bankruptcy: "Inevitably people were going to say: 'Who are you to interview anyone? You've just gone bust.'"

New York Cosmos

In 2010, he led a relaunch of the New York Cosmos soccer club, on the advice of his friend and associate Jeffrey Akiki. As chairman, he was the public representative of the majority ownership group, who remained anonymous but were reportedly Saudi Arabian. He signed a merchandising deal with sportswear manufacturer Umbro and insisted that the club's goal was to join Major League Soccer Kemsley installed soccer legend and former Cosmos star Pelé as Honorary President, and in January 2011 appointed former Manchester United player Eric Cantona as Director of Soccer, although the club would later claim in court that Cantona was never intended to be more than a promotional figurehead. Kemsley stepped away from the club in October of 2011, as the New York Post reported that the owners "apparently tired of the flamboyant Brit, who was long on flash but has to this point been short of substance".

Legends 10

In his position as Cosmos chairman, Kemsley got involved with Pelé when he flew to Brazil to enlist his help in reviving the brand. Kemsley and Cosmos Vice President Terry Byrne formed a management agency originally named "Sport 10" to handle the former superstar's merchandising and promotional deals. Kemsley kept his position as CEO of the agency, later renamed "Legends 10", after leaving the Cosmos.

Personal bankruptcy

In March 2012, Kemsley filed for bankruptcy listing expenses of $34k per month and personal debts ranging from $10M–$50M with debts to creditors including Spreadex, HMRC, HBOS and Joe Lewis. However, Barclays Bank continued legal action in the United States over a £5 million loan to him. In March 2013, the United States Bankruptcy Court initially found against the trustee who had applied for chapter 15 bankruptcy. Judge Peck denied this application, calling Kemsley "a bankrupt who doesn't live like one". However, two months later in state court, Peck denied Barclays' claim, saying Barclays had effectively "mousetrapped" themselves in extending the loan to Kemsley.

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Date of Birth 23 August 1967
Age 59 years old
Virgo Zodiac sign Virgo Virgo - intelligence and hard work Virgo is referred to as passive signs, which are primarily characterized by a subtle perception of the surrounding space, rather than active activity aimed at changing it. This does not mean at all that Virgos are…
Goat Chinese horoscope Goat Goat - elegant and artistic People born in the year of the Goat are endowed with a variety of talents and rich imagination. They are courteous and helpful, elegant and artistic. Most of these people have good taste, understanding of color and shape.…
Lynx Slavic horoscope Lynx Born under the Lynx sign of the Slavic horoscope, people often combine mythic memory with practical steadiness — reading cycles early and standing firm for those they call their own.
Geb Egyptian horoscope Geb Geb in the Egyptian horoscope marks a period ruled by a distinct god — shaping temperament, luck in affairs, and the way a person protects what they value.
Hazel Druid horoscope Hazel Hazel is the tree of knowledge and inspiration. Born 5 August to 1 September, Hazel people see patterns and turn information into usable wisdom.
Simha Indian horoscope Simha The Vedic rashi Simha carries a sidereal rhythm of Jyotish — temperament, dharma leanings, and the ruling graha color how a person acts and chooses.
Rose Flower horoscope Rose Born under Rose in the flower horoscope, people often find strength in beauty, atmosphere, and the quiet symbolism of their birth bloom.
Virgo — 1st decan Decan horoscope Virgo — 1st decan Born in the Virgo — 1st decan period, people often show a sharper flavor of their sign: faster or slower, bolder or more reflective, yet always recognizable by birth date.

This day is celebrated: Day for the Remembrance of the Slave Trade and Its Abolition

Horoscope Virgo: horoscope for today, horoscope for tomorrow, horoscope for week, horoscope for month, horoscope for year, 处女座 星座运势, tử vi xử nữ, ดูดวง กันย์

Days left until next birthday: 343 Days.

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