London Welsh set to go into liquidation

7 December 2016

The Championship rugby club is to go into creditors voluntary liquidation after struggling with cash flow and an ‘unsustainable’ financial structure. They were issued a second winding up petition by HMRC in October over tax debt.

Founded in 1885, the club is based in Richmond-Upon-Thames. 40 members of staff were told the news yesterday. The chairman, Gareth Hawkins, said in a statement:

“The debts accrued from trading in this way have left the Club with no alternative but to seek liquidation." 

“In the New Year, it is the hope and intention of the Board that London Welsh will be able to return to playing at Old Deer Park."

“However, it will first be necessary to change the Club’s business model to a semi-professional set-up and form a new company, and then raise £300,000 so that the Club can regain a position within the RFU Greene King IPA Championship.”