Another twist in the MG Rover tale...

Rabett_Rover · 2nd February 2012, 08:49

http://www.telegraph.co.uk/finance/n...ver-Rover.html

Astraeus · 2nd February 2012, 09:40

Quote:

Originally Posted by Rabett_Rover

http://www.telegraph.co.uk/finance/n...ver-Rover.html

£42 million between five of them in five years. As bad as bankers!!

Fine salary if you can get it.......and sleep at night!

Chris

capese21 · 2nd February 2012, 11:26

Paid themselves £42 million and Deloitte took £31 million in fees..............erm what did they do for that??

No wonder they went bust with parasites like that running it.

Pauly · 2nd February 2012, 11:36

Well there's a surprise.......NOT.......

psicobra · 2nd February 2012, 12:00

gutted especially when you see some of the cars rover were working on that never got made the company would have done so well

Canonite · 2nd February 2012, 13:48

'consultancy' is one of the biggest rip-off services companies use to cream away millions. I use the word services loosely.
When transparency reveals who is in bed with who financially. How many politicians have had an affair with a young aide or consultant, or friend of a friend and had them on the books dipping in the pot of taxpayers for doing nothing other than opening her legs?
God i'd take an automatic weapon to every last one of them.

Rover Raver · 4th February 2012, 16:50

It seems as if the Daily Telegraph are a little slow as this is very old news in terms of the amount the directors of Phoenix Venture Holdings received during their custodianship of the Longbridge-based car maker, and concerns over the conduct of Deloitte.

Other 'quality' newspapers were reporting such concerns many months ago.

ardvark · 5th February 2012, 11:03

What about the workers? We are still waiting for a payout. People are sitting on the money and getting paid out of it. Not bothered about paying it out because they'd loose a nice little earner doing ****** all.

Rover Raver · 5th February 2012, 15:55

Quote:

Originally Posted by ardvark

What about the workers? We are still waiting for a payout. People are sitting on the money and getting paid out of it. Not bothered about paying it out because they'd loose a nice little earner doing ****** all.

A very good point that does not seem to generate any form of answer from anyone in the know.

The directors of Phoenix Venture Holdings have been disqualified as a directors of a company, most, if not all, of the legal red tape has been sorted and the remaining assets sold off to the highest bidder.

MG Rover Group workers were promised they would receive payouts from the sale of assets so what is holding this up?

e668ecp · 5th February 2012, 16:34

Yawn... the coffin gets another kicking

2nd February 2012, 08:49	#1
Rabett_Rover This is my second home Rover 75 Join Date: Nov 2006 Location: - Posts: 5,895 Thanks: 0 Thanked 7 Times in 7 Posts	Another twist in the MG Rover tale... http://www.telegraph.co.uk/finance/n...ver-Rover.html

2nd February 2012, 11:36	#4
Pauly Loves to post Rover 75 Tourer 2.5 V6 with a Rottey asleep in the back... Join Date: Dec 2011 Location: Epping Posts: 339 Thanks: 39 Thanked 7 Times in 7 Posts	Well there's a surprise.......NOT....... __________________ [SIGPIC][/SIGPIC]My 4th Rover, 1st, Rover Metro Rio,... 2nd,Kensington Green Rover 414i,... 3rd White Gold Rover 600 2.0l si ,... Other Car Marine Blue Dodge Caliber 2.0 ltr Sport Auto SXT. Membership No: 001 118 This vehicle was the 17th 75 Tourer in Cimarron Green to be made out of 161 Cimarron Green 75 Tourers

2nd February 2012, 12:00	#5
psicobra Gets stuck in Rover 75 Saloon Join Date: Aug 2011 Location: Newtown Posts: 728 Thanks: 0 Thanked 1 Time in 1 Post	gutted especially when you see some of the cars rover were working on that never got made the company would have done so well __________________ car is a 2000 REG 2.0 V6 connie long list of work done so long cant fit in signature so here is the link

4th February 2012, 16:50	#7
Rover Raver Avid contributor MG Join Date: Sep 2010 Location: East Devon Posts: 221 Thanks: 1 Thanked 11 Times in 10 Posts	It seems as if the Daily Telegraph are a little slow as this is very old news in terms of the amount the directors of Phoenix Venture Holdings received during their custodianship of the Longbridge-based car maker, and concerns over the conduct of Deloitte. Other 'quality' newspapers were reporting such concerns many months ago. __________________ [SIGPIC][/SIGPIC]

5th February 2012, 11:03	#8
ardvark Al 75 CDTI Tourer Auto Join Date: Mar 2009 Location: Studley Posts: 1,457 Thanks: 1 Thanked 69 Times in 48 Posts	What about the workers? We are still waiting for a payout. People are sitting on the money and getting paid out of it. Not bothered about paying it out because they'd loose a nice little earner doing ****** all. __________________ ARDVARK

2nd February 2012, 11:26	#3
capese21 This is my second home MG ZTT 180 Sports Auto. Join Date: Dec 2006 Location: London Posts: 3,930 Thanks: 18 Thanked 180 Times in 143 Posts	Paid themselves £42 million and Deloitte took £31 million in fees..............erm what did they do for that?? No wonder they went bust with parasites like that running it.

2nd February 2012, 13:48	#6
Canonite This is my second home BMW 330d Tourer, MG ZT 180 SE XPG, VW Polo 6R 1.2 TDI Bluemotion Join Date: Jul 2011 Location: York Posts: 6,029 Thanks: 363 Thanked 574 Times in 319 Posts	'consultancy' is one of the biggest rip-off services companies use to cream away millions. I use the word services loosely. When transparency reveals who is in bed with who financially. How many politicians have had an affair with a young aide or consultant, or friend of a friend and had them on the books dipping in the pot of taxpayers for doing nothing other than opening her legs? God i'd take an automatic weapon to every last one of them.

5th February 2012, 16:34	#10
e668ecp I really should get out more....... Range Rover Evoque and ZT V8 SE Join Date: Feb 2007 Location: Yorkshire Posts: 2,232 Thanks: 20 Thanked 37 Times in 34 Posts	Yawn... the coffin gets another kicking