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 Stephenson (cricketer, born 1965) for MCC's playing and touring programmes, the strategic management of the playing and practice areas at Lord's, and supervision of the MCC Young Cricketers programme. John Stephenson (cricketer, born 1965) John Patrick Stephenson (born 14 March 1965, Stebbing, Essex, England) is an English former first-class cricketer, who is currently Head of Cricket at Marylebone Cricket Club (MCC). The cricket writer, Colin Bateman, commented on Stephenson's Test match appearance, "by the time John Stephenson was picked in 1989, England's selection policy resembled one of those bingo machines in which numbered balls are blown up a tube at random". Bateman added, "Stephenson,