Editing Terry Venables (section)

===Business interests===
One of his first business ventures was to open a tailors in the West End of London, along with Chelsea teammates George Graham and [[Ron Harris (English footballer)|Ron 'Chopper' Harris]]; the business proved unsuccessful and eventually filed for bankruptcy.<ref>{{harvnb|Venables|2014|p=133}}</ref>

On 14 January 1998, he was disqualified by the high court from acting as a company director for seven years under section 8 of the Company Directors Disqualification Act 1986 for mismanagement of four companies – Scribes West Ltd, Edenote plc, Tottenham Hotspur plc and Tottenham Hotspur Football and Athletic Company Ltd.<ref name="bbc-ban">{{cite news |url=http://news.bbc.co.uk/1/hi/business/47366.stm |title=Seven-year director's ban for Venables |date=14 January 1998 |access-date=2 July 2009 |publisher=BBC News}}</ref> The case was brought by the [[Department of Trade and Industry (United Kingdom)|Department of Trade and Industry]], who cited instances of bribery, lying, deception, manipulation of accounts and taking money that should have been given to creditors.<ref name="g-bbc-sport2">{{cite news |url=http://news.bbc.co.uk/sport1/hi/football/965692.stm |title=Venables fans' choice despite flaws |date=11 October 2000 |access-date=2 July 2009 |publisher=BBC Sport}}</ref> 

Venables combined his duties with Australia for a period as consultant and then chairman at [[Portsmouth F.C.|Portsmouth]]. He purchased a 51% controlling interest in the club for £1 in February 1997, but left in controversial circumstances 11 months later. His company Vencorp received a £300,000 bonus in the summer of 1997 and he is thought to have been paid around £250,000 upon leaving the club, but he left them bottom of [[Football League First Division|Division One]].<ref name="bbc-quits">{{cite news |url=http://news.bbc.co.uk/1/hi/sport/46933.stm |title=Venables quits Portsmouth taking a tidy profit |date=13 January 1998 |access-date=2 July 2009 |publisher=BBC Sport |archive-date=7 December 2023 |archive-url=https://web.archive.org/web/20231207112503/http://news.bbc.co.uk/2/hi/sport/46933.stm |url-status=live}}</ref> Although Portsmouth avoided relegation [[1997–98 in English football|1997–98]], their financial situation worsened and they were in real danger of bankruptcy, until being taken over by [[Milan Mandarić]] in late 1999.

In 2014, together with his wife, Venables opened a boutique hotel and restaurant in Penàguila, in the [[Province of Alicante|Alicante]] region of Spain.<ref>{{cite web|url=https://www.aplaceinthesun.com/articles/2015/09/terry-venables-on-running-a-hotel-in-spain|title=Terry Venables on Running a Hotel in Spain|website=www.aplaceinthesun.com|access-date=24 March 2021|archive-date=21 April 2021|archive-url=https://web.archive.org/web/20210421203609/https://www.aplaceinthesun.com/articles/2015/09/terry-venables-on-running-a-hotel-in-spain|url-status=live}}</ref> It was sold in early 2019 when they decided to retire.<ref>{{Cite web|url=http://www.tripadvisor.co.uk/Hotel_Review-g3372640-d7186731-Reviews-or25-Hotel_La_Escondida-Penaguila_Province_of_Alicante_Valencian_Country.html|title=HOTEL LA ESCONDIDA – Updated 2021 Prices, Reviews, and Photos (Penaguila, Spain)|website=Tripadvisor|access-date=6 July 2021|archive-date=7 December 2023|archive-url=https://web.archive.org/web/20231207112436/https://www.tripadvisor.co.uk/Hotel_Review-g3372640-d7186731-Reviews-or25-Hotel_La_Escondida-Penaguila_Province_of_Alicante_Valencian_Community.html|url-status=live}}</ref>