Peters was the manager who flung Hart in at the deep end.
He told the Daily Mail: "The club had been bottom of the league and I wasn't sure if I wanted the job.
"I went to watch the reserves in the afternoon before I went back and gave a decision. I just saw this big kid in goal, couldn't believe it when they told me he was only 17, and thought, 'I just have to manage him'.
"The first-team goalkeeper was a 33-year-old called Scott Howie who had been player of the year when they got promoted from the Conference the season before.
"But at the dangerous end of the season, when we had to win to make sure we stayed up, I put Joe in.
"The supporters thought I was mental, even the board wondered if I was stupid. The chairman said to me, 'I know he's going to be a great player one day, but does it have to be this day?'
"But, to be honest, the kid kept us up. We won 3-0 that day, and he commanded the box, took everything.
"When I said, 'I'm putting you in', he couldn't wait. If anything, that cockiness is what makes him, except it's in a good way. He's not a bit arrogant.
"Somebody asked me before the World Cup if England should put him in. Yes, definitely. If Fabio Capello had put him in, we'd have done better.