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When Peter Miller was ousted as chairman by fellow board members at the end of 2011 he had presided over one of the most controversial spells in the club’s history.
Miller and fellow board members Glenn Oliver, Perry Deakin and Mike Lloyd led the football club into administration after a number of 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, 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.
Peter Miller, the figure at the head of the hugely controversial board which plunged Port Vale into administration, has won a pay-off from the Trinidad & Tobago Football Association. Perhaps he can use some of it to pay the money he still owes Port Vale FC?
The chairmanship of Peter Miller is one of the real lowpoints of Port Vale’s proud history. However, if the then board had paid due diligence and checked press stories about Miller from back in 2002, then surely he would never have been appointed.
We look back at the infamous “Blue Sky” investment into the football club and some highly controversial events in the club’s history…
The media in Trinidad and Tobago reports that a company with former Port Vale directors Perry Deakin and Peter Miller on its board is under investigation for “misrepresented” scholarship money.
The Inside World Football website claims that former Port Vale chairman Peter Miller was handed a $600,000 (Trinidad dollars) contract for a marketing role which is “yet to deliver a paying sponsor partner.”
In their latest update to shareholders, administrators of the former Port Vale regime, Begsbie Traynor, say they are approaching new solicitors to discuss action against Perry Deakin and Peter Miller.
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…
A update from liquidators Begbies Traynor given at the Supporters Club AGM has revealed progress has been made in trying to recover money for unpaid shares.
A letter from liquidators Begsbies Traynor send out to all shareholders in Port Vale (Valiant 2001) Football Club Ltd has reminded shareholders that the liquidators “reserve the right to request payment of the capital”.
MOLD board: We haven’t enough space to detail all the activities of the “MOLD” board but here as a permanent reminder is a brief recap of what they did.
OVF understands that the Port Vale Supporters Club are close to reaching the £6,000 target needed to take action against two former directors.
The Supporters club have a Paypal account available for fans wishing to contribute towards legal action against former members of the Vale board.
Rob Fielding says the news of possible further action against Perry Deakin and Peter Miller will give fans a “welcome boost.”
Former directors Peter Miller and Perry Deakin – the duo at the centre of the ‘nil-paid shares’ controversy could face bankruptcy proceedings to recover £350,000 in unpaid shares.
Prominent Port Vale columnist Martin Tideswell says he is “pleased that Begbies Traynor will be investigating the controversial activities of the former board including the “nil-paid shares” issued to Perry Deakin and Peter Miller.
Begbies-Traynor, formally the club’s administrators, have been appointed liquidators after the Valiant 2001 company was wound-up and have pledged to seek to obtain payment from former directors over the nil-paid shares controversy.
The appointment of former Port Vale CEO Perry Deakin as a “consultant” for Bury FC has prompted a storm of criticism, but the football club have defended their appointment.
OVF editor Rob Fielding reflects on the differences between December 2012 and December 2011 and concludes that Vale fans should “thank their lucky stars” that things have changed for the better.
Radio Stoke’s Matt Sandoz claims that Port Vale’s administrators could be taking legal action against members of the club’s discredited former board over the “nil-paid” shares fiasco.
Port Vale’s administrators have confirmed that they have spoken to Staffordshire Police with regards to the hugely controversial “nil-paid” shares issue involving former directors Perry Deakin and Peter Miller.
Administrator Bob Young has told the Sentinel that they are investigating the club’s finances and have not ruled out legal action to force former directors to pay up over the ‘nil-paid’ shares fiasco.
Port Vale CEO Perry Deakin has told the Sentinel that the board got “carried away” with the Blue Sky deal, that he “was never going to own” his £100,000 share allocation and that the exposure of the nil-paid shares fiasco was “awful.”
The Sentinel newspaper claims that former Chairman Peter Miller resigned over the weekend. The move leaves the board below the legal number required to operate the business and has prompted the remaining directors to hold an emergency meeting with the Supporters Club, who are seeking to remove them.
Local media BBC Radio Stoke and the Sentinel newspaper are reporting that former Chairman Peter Miller has resigned from the Port Vale board. Miller has been a hugely unpopular figure at Vale Park since he secured his directorship on nil-paid shares and promises of investment from Blue Sky.
The Sentinel newspaper has reported what many fans fear – that Port Vale FC could be on the brink of administration.
Port Vale sued by shirt sponsors: club are being sued by current shirt sponsors Harlequin Properties, the Staffordshire Sentinel has revealed. The news of the legal move is another highly damaging and embarrassing episode for the club’s underfire board.