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 Edwards extramarital affair A federal grand jury investigated whether any of Edwards' campaign funds were misspent on covering up the affair and, on August 6, 2009, Hunter testified before a federal grand jury in Raleigh, North Carolina. On January 21, 2010, John Edwards admitted that he was, indeed, Quinn's father. In late January 2010, John and Elizabeth separated. In February 2010, "The National Enquirer" reported that Edwards had proposed to Hunter, but that report was categorically denied by an Edwards spokesperson. Although Young had previously stated he was the father, he recanted in a book proposal. In a pre-release copy of Young's book,