Sir Alan sued the Daily Mail over a December 1999 story which said he must come out of his "counting house" and give manager George Graham the cash to buy high class players.
Associated Newspapers and football writer Jeff Powell had denied libel and pleaded fair comment.
The verdict was unanimous and came after the jury had retired for just two hours.
Sir Alan said afterwards: "I am just pleased it's all over really. It has been a terrible time.
"I am delighted with this result. I did not take the action for the £100,000 damages - which I am donating to Great Ormond Street children's hospital - but to clear my name and to hear the jury say that I have not been miserly during my stewardship at Spurs.
"The size of the damages clearly indicates that I was grievously libelled. I should add that I also took this action for all those who cannot afford to go to litigation but whose lives have been blighted like mine by newspapers who must learn to exert responsibility as well as power."
Outgoing chairman Sir Alan Sugar has been awarded £100,000 in libel damages by the High Court over a newspaper article which dubbed him miserly in his stewardship of the club.