LONDON, June 23 (Reuters) - London Welsh Rugby Football Club have entered administration after announcing on Tuesday that they have sufficient funds to operate for one more month only.
"London Welsh is within striking distance of the elite level of English rugby but I am unable to continue being the principal investor of the club," Kelvin Byron, Chairman of London Welsh, said in a statement.
The English National Division One side's past players include seven of the only British and Irish Lions side to beat New Zealand in 1971.
Among them were fullback JPR Williams, captain and centre John Dawes, right wing Gerald Davies, number eight Mervyn Davies and flanker John Taylor who were all great players in one of Welsh rugby's golden eras.
The club, which recently turned professional, said it was hoping to generate additional investment in the region of 1.5 million pounds ($2.47 million) a season in order to continue its three-year plan to reach the Premiership.
(Editing by John Mehaffey; To query or comment on this story email email@example.com)