Leyton Orient chairman Barry Hearn insists clubs that go into administration are "cheating" and called for such cases to be punished by a two-division relegation.
Several English clubs are currently in dire financial trouble with Premier League Portsmouth the highest-profile case.
A number of clubs have gone into administration in recent years - Saints among them last season - and, while they were hit by points penalties, Hearn believes the authorities are not being strong enough.
He said: "When you think about it logically, a football club that spends more money than it can afford to spend on fielding a team, obviously paying its wages when it hasn't got the resources, is actually cheating, isn't it?
"Basically, it's fielding a side they couldn't afford to field if they played under normal business rules.
"There are two issues here. One is the football authorities' stupid 10-point penalty. It doesn't mean a row of beans, 10 points, in a lot of cases."
Hearn added: "We're not being strict enough. What we should say, and I'm certainly going to put this to the Football League board at the chairman's conference this year, is it's about time we took a grip of this situation as it's getting out of hand.
"I'm going to suggest a two-division relegation for any club that goes into administration.
"Give them a year's notice to let them know it's coming in so we're not just springing it on people.
"Tell these people that they have to run a proper business because otherwise it's exactly the same as an athlete taking steroids or performance enhancing drugs.
"They are cheating in exactly the same way and it's time to stamp this out and the only way we will stamp it out is with draconian measures.
"If we send out a message that says there's a two-division relegation I promise you this, no club is going to go into administration."
Hearn also claimed directors of insolvent clubs are breaking the law.
"Any accountant will tell you that it's an offence for a director to be involved in a company that is trading whilst knowingly insolvent," he said.
"The definition of insolvency is 'being unable to be able to pay your debts as they fall due'.
"This is a criminal offence by the way, so it's a serious matter."
Hearn, who also runs the Matchroom promotional firm, added: "We pussyfoot around like little girls.
"It's time to say 'no, we've had enough of this'.
"If we don't do something now a government, whether it's Conservative or Labour, will say 'football is out of control, we're going to appoint an ombudsman, we're going to take over the running of the game'.
"That's the danger. Once government gets involved in football then we've seriously got problems."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel