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- Phoenix_Venture_Holdings abstract "Phoenix Venture Holdings (PVH), also known as the Phoenix Consortium, is a British company formed by four businessmen (John Towers, Peter Beale, Nick Stephenson and John Edwards). Following BMW's break-up of the Rover Group a financially complex deal involving a £500 million "dowry payment" from BMW, resulted in PVH purchasing the Rover marque in May 2000 for the notional sum of £10, relaunching the car company as MG Rover. MG Rover and related companies placed themselves in administration on April 8, 2005.Four years later and after spending £16m the Government finally released the report investigating the collapse of the company. The report, which was only concerned with dealing with the directors and their actions while MG-Rover Group was still trading, revealed that the five executives involved took £42m in pay and pensions from the troubled firm before it collapsed.The report also commented on the personal relationship between Nick Stephenson and Dr Qu Li, who was paid more than £1.6m in the 15-month period up to April 2005 for consultancy services. Additionally, fellow Director Peter Beale was accused of installing a software application, Evidence Eliminator, which may have destroyed documentation relevant to the investigation. The investigators further accused Mr Beale of giving "untruthful" evidence during interviews.In return the Directors have accused the findings of being a whitewash and a witchunt, and it remains unknown the exact details of the actions of key Government Ministers at the time of the collapse.Conservative business spokesman Kenneth Clarke said it was right the report criticised the Phoenix Four, whose behaviour was "disgraceful". Lord Mandelson said the Phoenix group had not shown an "ounce of humility" about the firm's demise and they owed an apology to the firm's employees and creditors. However his comments that steps will be taken to disbar the five executives have been discredited, and the report at no point uses language stronger than 'inappropriate' in describing the activities of the Group Directors.Phoenix Venture's main trading businesses are/were:Studley Castle Ltd.MGR Financial Ltd. - joint venture with the Royal Bank of ScotlandMG Rover Exports Ltd. - administered by PriceWaterhouseCoopersPhoenix Distribution Ltd. - administered by PriceWaterhouseCoopersPhoenix Venture Motors Ltd. - administered by PriceWaterhouseCoopersMG Rover Group Ltd. - administered by PriceWaterhouseCoopers, assets sold to Nanjing AutomobilePowertrain Ltd. - administered by PriceWaterhouseCoopers, assets sold to Nanjing AutomobileMG Sport and Racing Ltd. - administered by PriceWaterhouseCoopers↑ ↑ ↑".
- Phoenix_Venture_Holdings foundingYear "2000".
- Phoenix_Venture_Holdings industry Automobile.
- Phoenix_Venture_Holdings industry MG_Rover_Group.
- Phoenix_Venture_Holdings keyPerson John_Towers_(businessman).
- Phoenix_Venture_Holdings subsidiary MG_Rover_Group.
- Phoenix_Venture_Holdings wikiPageExternalLink 8251846.stm.
- Phoenix_Venture_Holdings wikiPageExternalLink index.htm?wschapter9f.htm.
- Phoenix_Venture_Holdings wikiPageID "457307".
- Phoenix_Venture_Holdings wikiPageRevisionID "604945525".
- Phoenix_Venture_Holdings foundation "2000".
- Phoenix_Venture_Holdings hasPhotoCollection Phoenix_Venture_Holdings.
- Phoenix_Venture_Holdings industry "Automobiles and MG Rover".
- Phoenix_Venture_Holdings keyPeople "John Towers, Peter Beale, Nick Stephenson, and John Edwards".
- Phoenix_Venture_Holdings location "Longbridge and Cowley".
- Phoenix_Venture_Holdings logo File:Phoenix.png.
- Phoenix_Venture_Holdings name "Phoenix Venture Holdings Ltd".
- Phoenix_Venture_Holdings subsid MG_Rover_Group.
- Phoenix_Venture_Holdings subsid Powertrain_Ltd.
- Phoenix_Venture_Holdings type "Holding Company".
- Phoenix_Venture_Holdings wordnet_type synset-company-noun-1.
- Phoenix_Venture_Holdings subject Category:2000_in_the_United_Kingdom.
- Phoenix_Venture_Holdings subject Category:Automotive_companies_of_the_United_Kingdom.
- Phoenix_Venture_Holdings subject Category:Companies_established_in_2000.
- Phoenix_Venture_Holdings subject Category:Companies_of_the_United_Kingdom.
- Phoenix_Venture_Holdings type Abstraction100002137.
- Phoenix_Venture_Holdings type AutomotiveCompaniesOfTheUnitedKingdom.
- Phoenix_Venture_Holdings type CompaniesEstablishedIn2000.
- Phoenix_Venture_Holdings type CompaniesOfTheUnitedKingdom.
- Phoenix_Venture_Holdings type Company108058098.
- Phoenix_Venture_Holdings type Group100031264.
- Phoenix_Venture_Holdings type Institution108053576.
- Phoenix_Venture_Holdings type Organization108008335.
- Phoenix_Venture_Holdings type SocialGroup107950920.
- Phoenix_Venture_Holdings type YagoLegalActor.
- Phoenix_Venture_Holdings type YagoLegalActorGeo.
- Phoenix_Venture_Holdings type YagoPermanentlyLocatedEntity.
- Phoenix_Venture_Holdings type Agent.
- Phoenix_Venture_Holdings type Company.
- Phoenix_Venture_Holdings type Organisation.
- Phoenix_Venture_Holdings type Organization.
- Phoenix_Venture_Holdings type Business.
- Phoenix_Venture_Holdings type Organization.
- Phoenix_Venture_Holdings type Agent.
- Phoenix_Venture_Holdings type SocialPerson.
- Phoenix_Venture_Holdings type Thing.
- Phoenix_Venture_Holdings comment "Phoenix Venture Holdings (PVH), also known as the Phoenix Consortium, is a British company formed by four businessmen (John Towers, Peter Beale, Nick Stephenson and John Edwards). Following BMW's break-up of the Rover Group a financially complex deal involving a £500 million "dowry payment" from BMW, resulted in PVH purchasing the Rover marque in May 2000 for the notional sum of £10, relaunching the car company as MG Rover.".
- Phoenix_Venture_Holdings label "Phoenix Venture Holdings".
- Phoenix_Venture_Holdings sameAs m.02btcy.
- Phoenix_Venture_Holdings sameAs Q7187020.
- Phoenix_Venture_Holdings sameAs Q7187020.
- Phoenix_Venture_Holdings sameAs Phoenix_Venture_Holdings.
- Phoenix_Venture_Holdings wasDerivedFrom Phoenix_Venture_Holdings?oldid=604945525.
- Phoenix_Venture_Holdings homepage index.htm?wschapter9f.htm.
- Phoenix_Venture_Holdings isPrimaryTopicOf Phoenix_Venture_Holdings.
- Phoenix_Venture_Holdings name "Phoenix Venture Holdings Ltd".