Tuesday, September 27, 2016

MG Rover's famous Longbridge plant in Birmingham, West Midlands has been discovered untouched since more than 5,000 workers were made redundant.

Millionaires John Towers, Nick Stephenson, John Edwards and Peter Beale have all been disqualified from being company directors in the future, in Britain, following a lengthy investigation by The Insolvency Service.

But their spokesman admitted none of the men - who pocketed £36million between them during their disastrous spell in charge of the car firm - were planning to run a UK company in the near future anyway.

The quartet formed Phoenix Venture Holdings and bought MG Rover for £10 from BMW in 2000.

But it then nose-dived into bankruptcy in 2005, owing creditors £1.3billion, while 6 thousand lost their jobs and pension pots.

* Nick Stephenson, 62, fled to Florida where he's landed another lucrative job in the car industry because he has been banned from being a director in the UK for five years.

During his time at MG Rover, married Stephenson had an affair with a Chinese consultant called Dr Qu Li, who was paid £1.69million for 15 months of consultancy services to MG Rover Group, and now Shanghai Automotive Industry Corporation owns the assets of the MG Rover Group, but she was simply named an interpreter.

* Stephenson made £8.9million from MG Rover and Phoenix Holdings
* Beale picked up £8.981million during his time at MG Rover and Phoenix.
* Towers took home £8.9million in pay, pensions and bonuses
* Edwards made £9million between 2000-5.

And that is why some government oversight is not a bad thing, as it's obvious that these 4 bastards raped a company for about £40 million before killing it, then selling it off to a company that arranged a prositute to get paid £1.69 million to have an affair with one of the 4, and snag the assets of MG Rover.

Frozen in time, personal items and old newspapers lay abandoned in offices.

Car bodies sit on the production lines.
Car door handles sit in boxes.

MG Rover collapsed in 2005, leaving more than 5,000 workers redundant.

Just recently, Shanghai Automotive Industry Corporation - who bought out MG Rover - confirmed it was now stopping assembly and moving everything to China.


Thanks Steph!

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