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
Nick Phoenix himself and Thomas Bergersen. A similar arrangement is planned for the second book, which is currently being written. On November 15, 2015, Phoenix's son, Jack, who was 15 years old, was killed when he was legally walking across a street in LA and hit by a man who was being chased by the police at 80 miles an hour. The album "Vanquish" was dedicated to his memory. For more orchestral bands related to Nick Phoenix, see the "Trailer music" article. Nick Phoenix Nick Phoenix is a London-born composer and a co-founder of the production music company Two Steps from Hell.