Multiple choice general knowledge

The Phoenix Four have been criticised for paying themselves £42m from which business?

  1. Lehman Brothers

  2. MFI

  3. Woolworth

  4. MG Rover
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Phoenix Four were the directors (John Towers, Nick Stephenson, John Edwards, and Peter Beale) who bought MG Rover from BMW in 2000 for £10. They paid themselves £42m before the company collapsed in 2005 with huge debts, leading to widespread criticism. The other companies (Lehman Brothers, MFI, Woolworth) had different ownership structures and collapse scenarios.

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