This name is a synonym of Verbascum flavidum (Boiss.) Freyn & Bornm..
The record derives from WCSP (in review)
(data supplied on 2012-03-26)
which reports it as a synonym with original publication details: Bot. Jahrb. Syst. 61(140): 48 1928.
This name record (from WCSP (in review)) was not included in version 1 of The Plant List. It is possible the same name was included from a different data source, to check this you can search for Verbascum phoeniceum in version 1 of The Plant List.