Sir Alan, 57, who as the owner of computer company Amstrad is worth about £700million, was chairman of Spurs for ten years. He resigned in 2001 but retains a 13 per cent stake, worth about £4.5million.
In recent years, the so-called ' beautiful game' has endured sexual assault and rape claims, corruption in the transfer system, and gambling, drugs and alcohol problems among players.
Sir Alan's comments, in an interview in the Sunday Telegraph, received a mixed response.
Simon Jordan, chairman of Premiership club Crystal Palace, said: 'He's being extreme, and generalistic, but elements of it are true. A lot of players will disappoint you.
'I have had several run-ins with several players during the four-and-a-half years I have been at Crystal Palace.
'There is too much player power and it has become all- consuming. Players become institutionalised and are told everything they do is right, and that's when you breed little monsters. But not all players are like that. There is validity to some of Alan's points, but I don't endorse the way he has said it.
' If he doesn't like football, he should get out of football.' Tottenham Hotspur distanced itself from Sir Alan, with a spokesman saying: 'These comments reflect Alan Sugar's personal views and not those of the club. But it's puzzling he said these things, as he still comes to home matches.'
Gordon Taylor, the chief executive of the Professional Footballers' Association, said: 'These pathetic comments say more about Alan Sugar than the people he's talking about. No doubt in the business world people might say similar things about Alan Sugar.'
Gary Mabbutt, who captained Spurs during Sir Alan's time as chairman of the club, described his remarks as ' a laughable tirade', adding: 'It's unnecessary and derogatory.'
