FORMER Portsmouth owner Milan Mandaric has hit out at the club's current owners claiming they “have no business being in football”.

FORMER Portsmouth owner Milan Mandaric has hit out at the club's current owners claiming they “have no business being in football”.

Mandaric took the South Coast side out of administration 11 years ago before helping them to the Premier League and selling out to Sacha Gaydamak.

Since Gaydamak sold the club, they have been besieged with financial problems and they are currently in dispute with Her Majesty's Revenue and Customs, who have lodged a winding-up petition with the High Court over unpaid taxes.

“I sold it to a proper owner - Sacha Gaydamak,” said Mandaric. “He decided to go in a different direction to me and go steps further.

“He was successful and gave fans something they didn't have when I was there (an FA Cup) but that unfortunately cost expenses and debt.

“After he sold the club the new owners came in with no money. That is where the problem started. They had no business to be in football because they had no money.”