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
Martin Stephenson and the Daintees since November 2010 features original guitarist John Steel (Boat to Bolivia/Jackdaw4), John's wife Kate Stephenson (Midge Ure/Sam Brown/Jackdaw4) on drums, and Lou Short (Martin Stephenson 1997/2000) on bass guitar who left the group March 2013. Daintees have signed a major deal with Absolute music and also have a new agent Neil O'Brien and will be playing festivals in the summer months as well as another UK tour for late 2013 Martin George Stephenson was born on 27 July 1961 to Alfred and Francis Stephenson in Durham. In January 1990, he married Angela Cape who appeared on the cover of the