Rob Fielding says the news of possible further action against Perry Deakin and Peter Miller will give fans a “welcome boost.”
Rob Fielding writes…
The news of possible further action against former directors Perry Deakin and Peter Miller is a welcome boost for everyone who wants to see justice done at Vale Park.
Sometimes being a Vale fan can be a somewhat thankless task – it was bad enough enduring the Glover and Gannon eras on the pitch without all the shameful shenanigans off-pitch that resulted in the club going into administration.
It’s still galling to many supporters that the directors who did so much damage to our club seem to have largely escaped unscathed (apart from the damage to their reputations) despite many fans (as shareholders) and local businesses ending up out-of-pocket.
So, it’s good to see that some Vale fans are still striving for justice to prevail. It’s good to see that there is a steely determination to see the job through regardless of how long it may take. It’s good to see that the actions of Deakin and Miller have not been forgotten.
Martin Tideswell’s statement at the Supporters Club meeting revealed that much work has been done by himself, Gary Benson and Pete Williams and I personally doff my hat to all three and thank them for their efforts and persistence. Similar thanks must also go to Begsbies-Traynor duo Bob Young and Steve Currie who are managing the process in their role as administrators for no charge.
After all the ill will and unsavoury goings-on in the Vale boardroom during Miller and Deakin’s tenure, many Vale fans will be hoping that all the hard work pays off and justice is finally seen to be done.
MOLD - the board which nearly killed Port Vale
Peter Miller, Glenn Oliver, Mike Lloyd and Perry Deakin (the first letter of their surnames spelling “MOLD”) led the football club into administration after a number of highly controversial decisions notably Deakin and Miller’s ascent to the board despite not paying for their shares (the so-called “nil-paid shares” affair), failed financial link-ups with two US companies Ameriturf and Blue Sky International (their £8m deal was described as “pure fantasy” by the firm’s CEO), a secret remortgaging of Vale Park which broke the terms of the club’s loan agreement with Stoke-on-Trent council and being sued by former club sponsors Harlequin Properties.
On 9th March 2012, the club entered administration for the second tie in its history after HMRC issued a winding-up petition.
To date, Deakin and Miller have failed to pay for any of the shares they “purchased” in Port Vale football club. The Port Vale Supporters club are continuing legal efforts to reclaim the money from the pair and reimburse many Port Vale fans who, as shareholders, lost money when the pair illegally joined the Port Vale board and mismanaged the club.