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 (judge) John Stephenson (judge) Sir John Frederick Eustace Stephenson (28 March 1910 – 1 November 1998) was an English barrister and judge, a Lord Justice of Appeal from 1971 until his retirement in 1985 and a member of the Privy Council. As a Judge of the Court of Appeal he was known as Lord Justice Stephenson. The second son of Sir Guy Stephenson CB, by his marriage to Gwendolen Talbot, a daughter of John Gilbert Talbot PC MP, Stephenson was a grandson of Sir Augustus Frederick William Keppel Stephenson (1827–1904) a Treasury Solicitor and Director of Public Prosecutions. He had two