The demise of Rover has so many consequences, workers, suppliers, shops that sell to them, owners of cars, dealers.......
Will anyone step in for the owners and say don't worry we will pick up the bill if your new car goes wrong. Don't think so!
As for the alleged "missing" £40m, time will tell. Some opportunists moved in bought the lot an F**cked off with a load of dosh. To be barred as a Director of a company in this country you have to defraud either the Inland Revenue or HM Customs & Excise the rest of us don't matter.
Why did Pheonix get it in the first place, Politics and money! Have the Directors got 40mil or is some in other pockets?
Bit off topic but why did Branson not get the lottery, easy, he was not for profit means no Corporation Tax for the Treasury but would have been more money to "good causes". The Treasury went for the cash so if you buy a lottery ticket you are paying yet more in tax, assuming you lose of course. Anyway "dismount soap box"