Chairman gives Powerleague vote of confidence

Claude Littner, former chairman and chief executive of Amstrad, has topped up his holding in Powerleague, taking his stake in the five-a-side football centre operator up to 6.12%.

Littner, who is executive chairman of Powerleague, now holds more than 5m shares in the company after his latest purchase of 225,000 shares at 27p each.

It is not the first involvement in a football related company for Littner, who was chief executive of Tottenham Hotspur for six years from 1993. His other claim to fame is appearing alongside Sir Alan Sugar on the judging panel on the first series of BBC 2's "The Apprentice."

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Shares in AIM-listed Powerleague have been heading for the relegation zone, and are down by around 70% over the last year. Nevertheless Littner remains optimistic about the company's prospects, with income from pitch rental fees holding up and a number of new sites due to come on stream.

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