Kemsley Quits As Spurs Vice-chairman

Paul Kemsley, vice-chairman of Premier League club Tottenham Hotspur, has
resigned with immediate effect – an announcement made concurrently with the club
unveiling record profits of £28m for the last financial year.

The reason behind Kemsley’s departure has been stated as a desire to focus on
business interests in the USA.

Chairman Daniel Levy said: ‘It is with regret that I announce the resignation
of Paul Kemsley. 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.’

The announcement came as the club revealed a record turnover of £103.1m for
the year ending 30th June 2007, up £29m on the 2006 figures.

Operating profit before football trading and depreciation increased from
£4.6m to £32m while operating profit before training totalled £29.7m from £2.4m
for the previous year.

The club’s profit before tax increased massively to £27.7m from £600,000 with
retained profit for the year £18.9m.