Sugar slams football excesses

Former Tottenham chairman Alan Sugar has criticised the “irresponsible manner” in which he thinks most football clubs’ finances are run, with Portsmouth facing the threat of being wound up today over an unpaid tax debt.

Representatives of Portsmouth will attend a High Court hearing today aiming to obtain an extension to settle their debts with Her Majesty’s Revenue and Customs. If they fail to do so, the club could be wound up or forced to enter administration and suffer a subsequent points penalty.