EX-CHAIRMAN Paul Miller has boosted Wimborne Town's bid to wipe out their debts by agreeing to convert his loans into shares in the club's parent company.

Miller is understood to be the crisis-hit club's biggest creditor but confirmed he would forego the cash in exchange for shares in Parmiter Holdings, which owns 77 per cent of Wimborne Town Football Club Limited.

Another former chair, Ken Stewart, ex-director Tony Grant and current board member Ken Fergus have decided against pursuing their loans to the club, thought to be worth approximately £40,000 combined.

Ex-Cuthbury chief Miller, who was a long-serving director before taking the helm for the 2013-14 season, had agreed to rejoin the board as part of Paula Henley's takeover but has since reconsidered.

Miller helped with the due diligence process that ended in Henley reporting £110,000 worth of debt and monthly losses of between £6,000 and £8,000 but insisted the concerning figures had not put him off.

Miller told the Daily Echo: "There's nothing sinister. I had an idea it was in a bit of state because I had stayed in touch with a few of the people involved.

"I gave some advice as to what people should do and it wasn't being done. I wanted to help, felt the urge to do so and for 10-12 days I was quite heavily involved in putting together the new consortium with Paula as well as a few ideas.

"Then came the hard bit of actually putting it into action and I very quickly realised I simply didn't have the time to do it.

"My businesses are really busy and straight away, I found myself back to where I was when I had to give it up before. It was nobody's fault but having had 10 years of experience, people kept coming to me for answers.

"I was getting phone calls, emails and texts late at night so I thought it best to be up front with Paula from the outset and say I couldn't do it.

"I will always be on the end of the phone if Paula needs anything but unfortunately, I just can't commit as fully as I would like to at the moment."