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Two parties keen on London Welsh

5 July 09 11:21 GMT

The administrator appointed to find new investors for London Welsh has revealed there are two serious parties looking to take over the club.

The Exiles went into administration in June after admitting they only had enough money to survive one more month.

Gareth Roberts from Tenon Recovery told BBC London 94.9: "I'm now down to the two serious parties.

"The next week will be fundamental in determining whether either party is in a position to proceed."

The Championship side appointed administrators after conceding that they need an extra £1m to £1.5m to operate each season.

Roberts added: "There are two major hurdles to overcome. One is satisfying me that they have sufficient funding in place with which to take the company over.

"The second hurdle is convincing the Rugby Football Union that they pass their fit and proper person test."

Roberts went as far as admitting that both interested parties were no strangers to the business side of the game.

He said: "We've got one party with a definite Welsh connection if not necessarily a London Welsh connection and the other party has a very definite rugby connection but not a Welsh or a London Welsh connection.

"They are both in the rugby business but coming at it from very different angles."

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