A FORMER director and bankroller of Salisbury Football Club, Peter Yeldon, is bankrupt.

A leading firm of accountants, KPMG, is trying to trace people who are owed money by the former multi-millionaire or who know anything about his business dealings.

The news emerged after a hearing at Salisbury County Court on April 7.

The businessman is himself an insolvency practitioner and was a founder of a corporate recovery firm, Middleton Partners, which is no longer trading.

The company’s high-profile assignments included the reorganisation of Lloyds of London and the liquidation of the Maxwell offshore companies.

Locally, Mr Yeldon helped fund the Whites’ rise into the top flight of non-league football, the Conference National.

He was a major shareholder in a company which bought the 20-acre former Mahle site at High Post, hoping to turn it into a business park providing jobs for 1,000 people. It was later put up for sale by administrators.

He previously made headlines when he launched a £10billion fund to save failing property deals from the credit crunch.

Mr Yeldon was also briefly a Parliamentary candidate for the LibDems in Salisbury some years ago.

Councillor and former political colleague Paul Sample said: “Peter Yeldon has done a huge amount for Salisbury City FC and his local community in Winterslow and south Wiltshire.

“He has a brilliant brain, and works phenomenally hard, and despite his financial difficulties is not without friends.

“He will be going through a tough time at the moment and I have no doubt that we haven’t seen the last of him and that he will bounce back.”

David Standish and Richard Hill of KPMG LLP have been appointed joint trustees of Mr Yeldon’s esate.

They said: “All creditors are invited to prove their debts by sending details to us at 100 Temple Street, Bristol, BS1 6AG.

“All persons having in their possession any of the effects of Mr Yeldon must deliver them to us, and all debts due to Mr Yeldon must be paid to us. “ “Any person having information as to the whereabouts of Mr Yeldon’s assets is requested to contact Liz Manley on 0117 905 4050 or email elizabeth.manley@KPMG.co.uk.