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
Anthony Beale Blackburn College. Currently, Beale is presiding Chairman of the Committee on Transportation & Infrastructure. He is a member of the following City Council Committees: During his tenure as Alderman, Beale has focused on job creation and housing for seniors. Beale has helped bring in new businesses that have created over 4,000 new jobs in the Ward. Beale has also brought in more government subsidized senior housing than any previous alderman. In 2008 Beale spent more of his aldermanic expense account than any other alderman on public relations, with more than $16,000 paid to The Publicity Works, a company owned by