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
Alfred John Stephenson Alfred John Stephenson Alfred John Stephenson (1845–1914) was a politician in Queensland, Australia. He was a Member of the Queensland Legislative Assembly and a Member of the Queensland Legislative Council. Alfred John Stephenson was born on 15 November 1845 at Pimlico, London, England, the son of John Stephenson and his wife Martha. He attended a Birkbeck school and then a private academy. At age 15, he left England and came to Ipswich, Queensland. Stephenson was apprenticed as printer on the "North Australian" newspaper published in Ipswich. In 1877 he became one of the proprietors of the "Queensland Times". He served