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 a series of allegations which it labels as a “comedy of corruption and financial malpractice” the website shows a copy of Miller’s Trinidad and Tobago FA salary which backdates Miller a whopping $25,000 salary for “services since on or about 25th November, 2019.” The contract guarantees the $25,000 per month salary until January 2022 despite, the website claims, Miller having failed to deliver a “paying sponsor partner.”
The huge salary will raise questions about whether Miller should be pursued for Port Vale shares he has still failed to pay for…
The huge salary will raise questions about whether Miller should be pursued for Port Vale shares he has still failed to pay for. Miller was appointed Chairman on the strength of those unpaid shares and his spell in charge saw the club plunge into administration shortly after his departure. It will also raise questions about what, it any, due diligence the Trinidad and Tobago FA took before taking on someone who played a huge role in Port Vale entering administration and nearly going out of existence.
With many fans, who properly paid for their shares, out of pocket, the Port Vale Supporters Club are still pursuing Miller and fellow director Perry Deakin for money owed to the club, but with Miller not resident in the UK any prospect of recovering the money is unlikely.
Miller was a member of the infamous Port Vale “MOLD” board of which there is more information below:
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.
You can read more details on Miller’s current salary at this link – CLICK HERE
About Peter Miller
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.
Further legal advice about Deakin and Miller action to be taken.
Sept - 2016.
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.
Bob Young and Steve Currie are the joint liquidators in charge of Port Vale (Valiant 2001) Football Club Limited and issued a report to update shareholders – which include many Vale fans who purchased shares in the club.
One of the main greivances of shareholders was the actions of former board members Perry Deakin and Peter Miller who both acquired £350,000 of shares without paying for them. In January 2013, after the company had been liquidated it was announced that there was the possibility of beginning bankruptcy proceedings against Deakin and Miller. The action would be in light of neither person apparently making any effort to pay for their ‘nil-paid’ shares.
Sadly, any action against the Deakin and Miller still looks very unlikely – as one firm of solicitors has already advised the group that they do not believe it would be “commercial” to “pursue a claim.”
However, the report does state that after the initial firm of solicitors said a successful claim was unlikely that “we have therefore held meetings with a different firm of solicitors who have carried out an initial review of the records available and are willing to act on a contingent basis in relation to their costs in respect of potential actions against directors and former directors.”
The report adds: “Furthermore the new firm of solicitors has called a meeting with their Counsel in order to seek their opinion on the likelihood of any successful claims against any of the parties. This meeting will take place in late September 2016. We shall update creditors in our next report.”
So while any action does still appear unlikely to succeed, aggrieved Vale shareholders can at least hold a slim hope that the new firm of solicitors will decide that a claim does have a chance of success.
Ex Port Vale chairman Peter Miller and financial dispute in Trinidad and Tobago
By Michael Baggaley (stokesentinel.co.uk)
Peter Miller was part of the nil-paid shares scandal at Port Vale
Former Port Vale chairman Peter Miller is involved in a dispute about the finances of the game in Trinidad and Tobago.
Ex Trinidad and Tobago FA president William Wallace is accused of signing deals without the approval of his FA board.
That includes a deal with marketing representative Miller, who was chairman at Vale Park in 2011.
Wallace’s executive was removed in March by FIFA, after a fact-finding mission, and replaced by a normalisation committee.
Trinidad and Tobago Newsday reports that Miller was contracted for two years at $25,000 per month as marketing director.
Miller was chairman of Port Vale for two months at a troubled time for the club. He and chief executive Perry Deakin were elected to the Vale board of directors after shareholders were told they had personally invested £250,000 and £100,000 respectively into the club.
Miller was put on a salary of £100,000 a year, plus perks, including accommodation, a car and flights abroad.
But it emerged that neither he nor Deakin had paid for the shares which they used to vote themselves on to the board. That also, effectively, devalued the shares owned by more than 900 fans before the club went into administration in 2012.
Miller did set up a mortgage for the club, worth £277,000 with a Gibraltar based company, using Vale Park as security. But that breached the terms of a £2.25m loan agreement with Stoke-on-Trent City Council.
He was sacked by his fellow directors in December 2011.
The club’s former administrators, Bob Young and Steve Currie, filed a bankruptcy petition against Deakin but he subsequently made himself bankrupt. Action against Miller also proved to be prohibitive because he was believed to be living in the United States.