The move would allow the second-tier club, founded in 1885 and currently based in Richmond-upon-Thames in south-west London, to re-form as a semi-professional side.
“London Welsh has reached a difficult point in its illustrious history,” chairman Gareth Hawkins said in a statement.
“Due to a playing budget of 1.7 million pounds and gates at games numbering as low as 400, the clubs current business model is totally unsustainable.
“The debts accrued from trading in this way have left the club with no alternative but to seek liquidation. Having to break that news to 40 staff members yesterday was extremely difficult,” he added.
Hawkins said the board hoped the club could return to playing at its Old Deer Park home in the …
Read the full article at: http://www.sbs.com.au/news/article/2016/12/08/london-welsh-seek-voluntary-liquidation
