In March 2009, Sleightholme gave evidence in the court case against Jeremy Keith, Murdo Mackay, Derby County's former finance director Andrew MacKenzie, accountant Mark Waters and solicitor David Lowe who were all charged in relation to a fraud allegation centred on a loan from a Panama-based company that effectively saved Derby County after their relegation from the Premiership.
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There were also two other directors, Jeremy Keith, who owned one-third of the club, and Steve Harding.
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Keith himself departed later in the month, to be replaced by a new board led by Peter Gadsby.
In October 2003, Derby County's parent company, Derby County Limited, briefly went into liquidation and Pickering, the majority shareholder, gave way to a new board of John Sleightholme, Jeremy Keith and Steve Harding, who bought the club for £3.
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