As the Sentinel reports that money may never be recovered from Peter Miller and Perry Deakin at least we can remind the online world what they did while at Vale Park…
The Sentinel reports that it is unlikely that the club’s administrators Begbies Traynor will be able to recover the £350,000 that is owed by Miller and Deakin for unpaid shares.
However, here at OVF we can at least post another article reminding the wider football world of what the pair did at Vale Park.
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.