In July 2008, William Riley, who claims to be a descendant of the dynasty of Riley Motor, although this has been disputed, bought XPower SV related assets from the administrators of MG Rover, PricewaterhouseCoopers. Riley formed MG Sports and Racing Europe Ltd to continue production of the model. MG Sports and Racing Europe, based in Eardiston, near Tenbury Wells in Worcestershire, announced the relaunch of the XPower SV in April 2008, under the name MG XPower WR.
