I don´t think that BMW receives any royalties from MGR for their use of the Rover name right now and during the last years (free of charge from BMW).Steve McF said:Will BMW still retain control of the Rover marque? And does that mean those b*****ds will still get royalties???!!
I have written it before, I don´t think that BMW has a reason to make the Chinese any presents, so the usage of the brand name - but especially the £500 million loan repayment to BMW - should be a subject.
We must wait and see. The Phoenix 4 received everything for £10 just 5 years ago (and the business is in a much worser condition now). The Chinese will know what they are doing, and they will know all the facts better as we do.haudit23 said:If SAIC thinks it's going to get the rights to manufacture MG Rover's cars and have the rights to both brand names for as little as £200 million, then they really are shockingly naive.
If the Phoenix 4 stay there as non executive directors, at least they will still get payed and are not in the danger to become poor. But as each of them has already made some millions out of a pocket-money, this is not a great danger for them anyway.
100% agree.Diesel45 said:In these situations barefaced lies will be told to keep people happy. I've seen it before.