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
Concerns and controversies over the 2010 Commonwealth Games the footbridge was only meant for spectators and not for athletes. Following the collapse, Fennell expressed concern that conditions at the Games Village, which had "shocked the majority", would seriously compromise the entire event. The company that was building the foot bridge, P&R Infraprojects, was subsequently blacklisted by the Delhi Government and was not allowed to get government contracts. Reportedly, progress was still slow and four or five accommodation towers built by Emaar at the Games village were unfinished, lacking facilities such as wireless internet, fitted toilets and plumbing. In addition, rubble, unused masonry and discarded bricks littered the unfinished