Tottenham have confirmed vice-chairman Paul Kemsley has left the club.
Spurs today announced their financial results to the Stock
Exchange and in the statement, chairman Daniel Levy revealed Kemsley has
resigned from his position as non-executive chairman to focus on his business
interests in the United States.
'It is with regret that I announce the
resignation of Paul Kemsley as non-executive vice chairman of Tottenham Hotspur
Football & Athletic Co Ltd with effect from this year's forthcoming general
meeting.
'Paul has recently expanded his property business interests in the
United States and feels that inevitably his time spent overseas will impact upon
his ability to fulfil his role with the club. Paul has worked with me for the
past six years at the club and I thank him for his advice and counsel during
this period.'
Spurs this morning announced record turnover and profit for
the last financial year.
Last year's UEFA Cup campaign, when Martin Jol's
side reached the quarter-final stage, and successive fifth-placed Premier League
finishes, led to the club posting a turnover of £103.1million for the year
ending June 30 2007, up £29million on the 2006 figures.
Operating profit
before football trading and depreciation increased from £4.6million to
£32million while operating profit before training totalled £29.7million from
£2.4million for the previous year.
The club's profit before tax increased
massively to £27.7million from £600,000 with retained profit for the year
£18.9million.
Levy insists the club will continue to prioritise investment
in team personnel plus stadium and training facilities.
'All parts of the
business have continued to perform well to produce record revenues and profits,'
he said in his chairman's statement.
'Cash generation has been strong. Our
priorities for the club are focused on continued development of the first team
where we have built an exceptionally talented squad, progressing our
state-of-the-art training centre and the development of an improved, larger
stadium.'
Linked here: http://soccernet.espn.go.com/news/story?id=473109&cc=5901
My Penny: The profits are great for the club and I think losing Paul Kemsley could be a blessing in disguise. He shouldn't have gotten caught visiting Ramos earlier this year and hopefully he was forced out by Levy for his behavior. See you Paul!
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