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 Towers (bishop) in convocation, in consequence of which they were prevented from voting while their cause was pending. On 28 December in company with John Williams, archbishop of York, and ten other bishops, of whom nine were among those impeached, Towers signed the well-known protest declaring the actions of parliament in their absence null and void. On John Pym's motion, those who had signed were impeached as guilty of high treason for subversion of the fundamental laws of the kingdom and the very being of parliament, and on the last day of the year Towers and nine others were lodged in the