Sir Alan may have trusted him, but I have to say Paul Kemsley's property business going bankrupt came as no shock to me, and not just because of the recession.

I mean, I realise he was doing a "hardman" interview technique, but he generally came across as an arrogant, ignorant t**t, firing questions and not waiting for answers. He also made conclusions about some people which I felt were unfair (i.e. James Max, possibly Lucinda).

When I heard that Rock joint ventures went bust on his watch (and that he also betted Lehman would survive) for me that just comfirmed my opinion of him. That made him seem like a complete hypocrite, after calling Tre "a fantasist". In my opinion, he does not deserve to go back on the show.

I know its old news now, but anyone disagree?

Tre must've o.d. on Schadenfreude!

Yeah I can imagine him celebrating the downfall of "Paul the Pillock" as he called him. Tre claimed afterwards that his interview with Paul was rigged, and that he put words in his mouth.

http://www.youtube.com/watch?v=Vmmop...eature=related

If that's true, then it just proves what I said previously about Paul.

Well the cause of his trouble was gambling on Lehmans not going under. You'd have thought a safe bet, but just a chance to greedily make a quick buck by gambling. No sympathy it back fired. Don't pretend to understand the details but here's an update giving some idea of the size of the mess

http://www.bridgingandcommercial.co....roperty_empire

Yep, a number of 'successful' businessmen/women are paper millionaires, billionaires etc...i.e. not taking into account actual debt, e.g. loans. The global property recession has meant quite a few have come a cropper. Nevermind recklessness, it's sheer greed to take out a £23.1m loan...

As well as Tre celebrating Kemsley's rocky demise () I can imagine Lucinda reacting with Joy when she was informed in her yoga retreat all the way in a cave in Nepal.

The only former apprentice to be unhappy would be Katie Hopkins - Kemsley claimed in the interviews that she was employable (yet again proving he was an idiot) and was probably one of her few possible allies in the business world. Even better news that we did not hear about!

In recent years, he seems to have retreated to America, attempting to resurrect an old football team with Pele. His latest project sounds overhyped to me, and desperate for funding given the telegraph report. Still, as long as I don't have to see him on the apprentice again, that's fine.

Unfortunately though, he has still retained much of his wealth despite his gambling, if you believe the mail report - although he still has a host of problems. I never knew about the whole Frank Lampard thing until now.

http://www.bbc.co.uk/blogs/watchdog/...d_gifting.html

http://sports.espn.go.com/new-york/s...ory?id=5429376

http://soccer.fanhouse.com/2010/08/0...osmos-mls-bid/

http://www.insideworldfootball.biz/i...mp%3BItemid=62

http://www.bigsoccer.com/forum/blog.php?b=9473

http://www.dailymail.co.uk/sport/art...rk-Cosmos.html

http://www.telegraph.co.uk/finance/n...NY-Cosmos.html

Thanks for the links there. Not sure if I read the Bigsoccer one correctly though.
'The new owner of the name is one Paul Kemsley — or P(ric)K as he apparently likes to be called ' end quote

The new NY Cosmos sounds more like a museum or a theme park rather than an actual football team. But after a couple of teams non-performance in the World Cup, I really don't care what the 'big names' do anymore. It's just the roar of the cash registers now.