Creed was instrumental in working with former players to set up the FPA back in 1988 after being part of the group which was set up to save the club during the dark days 40 years ago.
A childhood neighbour of Rachael Heyhoe-Flint, he had been watching Wolves since 1939, and had a huge passion for the club which remained with him for the rest of his life.
Creed, who lived in Tettenhall and worked at various levels in the advertising department at the Express & Star and sister newspaper Shropshire Star, was part of the action group formed in the mid-1980s to bring to an end the Bhatti brothers regime, which saw the club plunge into the Fourth Division for the first time in history.
The group encouraged Wolves’ creditors to take out a winding-up petition against the club, forcing Mohammed and Mahmud Bhatti to relinquish control. The club was then taken over by a consortium made up of Wolverhampton Council, supermarket giant Asda, and property developer Gallagher Estates.
Creed was close friends with former Wolves owner Sir Jack Haywood and club vice-president Heyhoe-Flint, as well as many of the players from the club's halcyon days during the 1950s, including Billy Wright, Stan Cullis and Bert Williams, leading to the establishment of the Former Players Association.
Speaking of Creed’s passing, Wolves FPA chairman and legendary striker John Richards, said: “Along with Billy Wright, Peter was one of the main instigators of setting up Wolves Former Players’ Association.
“We all owe him so much for the work that he did to get the organisation off the ground and keep it running so efficiently. He was a top-class organiser who we all respected so much and are so grateful for everything that he did.
“On behalf of the Former Players Association, I would like to send Peter’s family our sincere condolences.”
Having helped start the FPA back, Creed provided many years as a devoted secretary of the organisation before stepping back almost 10 years ago. He was awarded the position of honorary life vice-president of the FPA in 2018.
Wolves FPA administrator Richard Green said: “It is such a sad day to lose Peter, whose love of Wolves was not just shown on the terraces but also with his involvement in helping to save the club and then the formation of the FPA.
“Without Peter and that group, which was set up in the 1980s, there was the genuine prospect that the Wolves which we all still enjoy watching today might no longer have existed.
“In the Express & Star offices we used to have many chats about the fortunes of Wolves down the years, and he would always talk about the former players, our heroes, and you could always see just how much they meant to him.
“Peter worked with legends like Billy Wright, Stan Cullis, Ron Flowers and many more to help set up the new group, which was unique at that time, but helped that fantastic team of the 1950s stay together. He also had the strong support of Sir Jack Hayward, and over the years went on to oversee the FPA, a role which he was always extremely proud of.
“He was fiercely loyal to the former players, and very protective of them, but his strong motivation was keeping in touch with them, helping them keep in touch with each other and making sure they had access to support when they needed it.”
The thoughts of everyone at Wolves are with Peter’s family and friends at this sad time.