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
Benjamin Stephenson House the close association of the Stephenson family with that of first Illinois territorial Governor Ninian Edwards. The historical record shows that Benjamin Stephenson and Edwards were close personal friends and political allies. The pair led the Edwardsville Jacksonian Democratic Party and when Edwards' house burned he and his family took up residence in the Stephenson House for a time. The Benjamin Stephenson House is the remaining piece of architecture which intertwines the two men's personal stories. For its architectural style and political affiliations the Benjamin Stephenson House was listed on the U.S. National Register of Historic Places on May 31,