John Towers (businessman) Nick Stephenson and John Edwards, Towers formed Phoenix Venture Holdings (PVH) which bought Rover Group for £10 in April 2000. In addition they also bought the Studley Castle, a conference hotel. They subsequently purchased Midland Powertrain, MG Rover's engine plant from BMW for £20. Finally, for £50 along with an undisclosed sum from the Royal Bank of Scotland, they purchased Rover Capital, (now MG Rover Capital) a book of Rover car loans. Kevin Howe was appointed MG Rover's Managing Director in July 2000. In April 2005, MG Rover went into administration, following the collapse of takeover talks with Shanghai Automotive
John Edwards campaign, said the report was "complete bullshit". In August 2009, Rielle Hunter appeared before the grand jury investigating this matter. On March 15, 2010, Hunter broke her silence during an interview with "GQ" magazine and provided new details about the affair. In March 2011, voicemail messages allegedly left by John Edwards were obtained, which Young says prove that Edwards arranged the cover up of his affair with Hunter. Reports surfaced in late 2011 in "The National Enquirer" and "RadarOnline.com" that Edwards asked his former mistress to move into his North Carolina home, where he had once lived with his wife.