Mansfield Town served with winding up petition over former director Andy Perry’s £85,000 loan

MANSFIELD Town FC have been served with a winding-up petition relating to a loan made to the club by former joint owner Andy Perry.

Andy Perry - together with Steve Middleton and Andy Saunders - bought the football club from Keith Haslam in 2008 with each of the three directors injecting money into the club.

It has been revealed that legal efforts are being made to recover that loan, £85,000, plus interest. None of the other former directors have asked for repayment of their loans.

The petition has been made by Tansley company Minotaur Asset Finance Limited.

Darren Shaw, fans director of MTFC, from Stags Fans United, said: “The winding up petition relates to Andy Perry trying to recover the £85,000 loan he made to the football club together with interest (around £92,000 in total).

“Andy Perry transferred the loan to his father, Derek Perry, who in turn transferred the loan to Minotaur Asset Finance Limited as consideration for ACP Electrical Solutions Limited buying the business of Parkinsons Electrical Ltd.

“Minotaur Asset Finance Limited have agreed to try and obtain repayment of Andy Perry’s loan to the football club. 50% of any sums collected over £20,000 (after reasonable costs) have to be paid by Minotaur to Derek Perry.”

The winding-up petition, presented at the end of August, is expected to be heard in the High Court of Justice Companies Court on Monday.

A Stags spokesman said that the club’s solicitors are dealing with the matter. Current Stags owner John Radford has not commented.

Perry resigned as chairman of the Stags in July 2010, saying: “As one door closes, another one opens, but my decision to leave will not stop the growth of the club.

“I thank the directors for their hard work and most importantly I would like to thank the fans - the heartbeat of the club. I cannot praise them highly enough.

“This club still requires the backing of the whole Town.”