National Division One club London Welsh have entered administration after admitting they only have enough money to operate for one more month.

The club today appointed Tenon Recovery as their administrators after conceding a further £1million to £1.5million per season of investment is needed to keep the club running at their current level.

An official statement read: "The club recently made the decision to turn professional and has developed a three-year plan to reach the Guinness Premiership.

"However, investment in top quality players and experienced training and coaching staff has come at great personal cost to the principal investor and chairman Kelvin Bryon.

"For London Welsh to progress towards promotion to the Premiership, the club will need to secure additional investment from either another individual or a consortium of investors.

"There are sufficient funds available for the club to continue to operate for one more month but without additional income, the club will be unable to continue to trade in its present form.

"This is likely to result in exclusion from the Championship and the British and Irish Cup by the RFU and the club will revert to playing local level rugby."

London Welsh can boast 177 Welsh internationals amongst their alumni, with 43 British and Irish Lions, including current president John Dawes.