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Ex-Tottenham chairman Sugar slams Glazers over Man Utd management

Former Tottenham chairman Sir Alan Sugar has criticised the Glazer family over their ownership of Manchester United. Sugar is keen to take charge of the FA.

"When you consider the Glazers, I don't think they parted with a penny personally," he told the London Evening Standard. "In the boom days when you could go and borrow anything, they borrowed £600-£700m to mount a takeover bid for Manchester United. Merchant bankers, financial advisers, lawyers all got their fees.

"These Glazer's don't care because it's OPM, Other People's Money. This is just a transaction for them. If some other nutter had come along and convinced another bank to give them a billion pounds, the same advisers, accountants and lawyers would still cop their fees and the Glazers would walk away with a net £100-£200m profit. That's the Glazers for you. And to a certain extent the people who bought Liverpool had the same thing in mind."

But is Sugar all that different?

"Yes, I did sell Tottenham for a profit," he admits. "Some commentator might argue I'm no different from the Glazers. I can hear critics saying: What's he banging on about, that Sugar? He put £8m of his own money into Tottenham and walked away with £50m.'"

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