Theo Paphitis has done his final deal in the Den, today announcing “Thank you Auntie. I Am Out!”
53-year-old Paphitis joined the BBC2 business reality show Dragons’ Den in its second series in 2005 and has been a regular fixture on the programme ever since.
“After nine intense and fun packed series working with the BBC and the Dragons’ Den team, sadly it’s time for me to say for the final time, ‘I Am Out’” said Paphitis in a statement, who also spent nine years as chairman of Millwall Football Club between 1997 and 2006.
The entrepreneur insisted it had “not been an easy decision”, but with the workload involved in running his many businesses – which include the Ryman stationery chain and Robert Dyas – “the time felt right to give up my seat.”
Paphitis described working on the show alongside fellow dragons including Peter Jones, Deborah Meaden, Hilary Devey and Duncan Bannatyne as “a wonderful experience”.
In June last year Hilary Devey announced she was leaving Dragons’ Den after just two series. Paphitis’s departure now leaves two seats available for series 11 of the show.