London Welsh set to go out of business

Championship side London Welsh RFC is set to go out of business and has told its players to find new jobs.

The club was given until next Monday to pay Her Majesty's Revenue and Customs £250,000 but now looks likely to enter administration or liquidation.

Administration - which would require a buyer - would incur a points reduction from the RFU. Plymouth Albion were docked 30 points after going into administration in April. 

Liquidation would mean the club would need to be re-formed. London Welsh are expected to issue a statement on Wednesday.

The club was founded in 1871 and has had two recent spells in the Premiership.