Theo Paphitis

Millwall's chairman Theo Paphitis celebrates Semi-Final victory against Sunderland

Theo Paphitis (born 1959), is a Cypriot entrepreneur, based in the United Kingdom, well known for turning failing companies into highly successful and profitable businesses. His ventures include a variety of business organisations: Ryman, Contessa, La Senza, Partners and Red Letter Days.

His motto: “There are three reasons to be in business. To make money, to have fun - and to make more money.”

Life and career

Theo Paphitis came to England when he was 6 and began his entrepreneurial activities, running his school tuckshop, at the age of 15. He started early as an insurance broker with Lloyds of London, then discovered his passion for retailing and sales, working as a sales assistant for Watches of Switzerland. He became involved in commercial mortgage sales and eventually decided to go it alone.

As chairman, Paphitis took Millwall FC out of administration, saw their first ever official Wembley appearance, and won promotion to Division One as champions. He is perhaps most famous for his attacks on football hooliganism, and guiding the club towards meeting Manchester United in the FA Cup Final in 2004.

Theo's wealth is estimated at £135million, and he was ranked 343 in the Sunday Times Rich List 2005.

He was one of the "dragons" in the BBC2 entrepreneurship series Dragons' Den in 2005.

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