MPs have issued a damning report into the "slack, slovenly and supine" management of the new Wembley stadium project.

In a hard hitting report - entitled "Into Injury Time" - the culture committee says the new national stadium has been dogged by a massive catalogue of errors.

The Labour-dominated committee says the project has suffered from "self-inflicted injuries, ambiguous government support and poor supervision from Sport England".

MPs concluded that the project, which is now set to cost hundreds of millions of pounds and still has an uncertain future, is years behind schedule.

Labour committee member Alan Keen believed that ministers had focused too heavily on rushing to set up a bid for the 2006 Olympic games and, as a result, had bungled the Wembley bid and Picketts Lock.

Keen added that the FA and its holding company should have bought the entire Wembley complex, including the conference centre, and the committee agreed that the failure to do so was a matter of "deep regret".

The committee believed that as a result it is now doubtful that London will have the necessary facilities to bid for any future key sporting event, such as the Olympics, for decades to come.

"Everyone was intimidated by the history of Wembley, the scale of the project and the scale of the costs," said committee chairman Gerald Kaufman.

Whilst the committee stops short of calling for resignations it warns that Sport England "must provide parliament and the public with reassurances that it has the ability and determination to put its house in order".

Sport England, which agreed to provide £120 million in lottery money for the Football Association to buy the stadium site, is attacked for adopting a "slack, slovenly and supine" approach to the project.

Arrangements to return the lottery grant in the event of the project falling through - described as "holding the FA Cup hostage" - are "deeply unsatisfactory".

The influential committee also slammed as "outrageous" the decision to regard Wembley National Stadium Ltd, the company set up by the FA and Sport England to run the project, as a private concern.

There was also anger that Birmingham was allowed to continue to bid for the national stadium when there was an agreement that locked in the FA Cup to Wembley for decades to come. the bid had cost Birmingham £700,000.

The FA had denied it a "realistic assessment" of its chances of success and the DCMS had used the bid "as a way to buck up the ideas of the FA".

"If I was Birmingham I'd be wanting my money back," said Labour committee member Debra Shipley.

"Serious lessons have emerged that need to be learned to ensure that the project proceeds to completion without further mishap and that such a mess cannot be recreated in the future," the committee warned.

Kaufman had serious criticism for the Department of Culture, Media and Sport.

He believed it had failed to learn from the lessons of the Dome fiasco.

"The lesson for the DCMS is this; keep out of things which you can't control. The department has many important duties, building stadiums isn't one of them," he said.

He said the department should not become embroiled in a row about the costs of the project.

"The costs are immaterial provided they can raise the money. I don't mind if the seats are embossed in cashmere and there are gold plated taps in the toilets. That's their business," he said.

Shadow secretary of state for sport, Tim Yeo, said the report as a "exposes the catalogue of disasters".

"Ministers cannot wash their hands of responsibility for what has turned into a national embarrassment. Not only are there urgent lessons to be learnt for the future, but also questions immediately arise about Sport England and the way in which £120 million of public money have been frittered away so far with no tangible gain," he said.

The government is expected to respond to the committee's findings later today.