LONDON Welsh's administrators are confident of finding a buyer in time to preserve the club's Championship status.

The Old Deer Park club last week went into administration, with main backer Kelvin Byron admitting he only had enough funds to keep them going for another month.

If they went into liquidation, it is likely Welsh would be relegated eight levels to the Herts/Middlesex League - just as their neighbours London Scottish and Richmond were 10 years ago.

However, Gareth Roberts, of administrators Tenon Recovery, has been encouraged by the amount of interest in investing in the club.

He said: "What is encouraging is that I've been bombarded with interest, which is far more positive than if I hadn't received any calls. The callers range from existing club members who are willing to put a few thousand pounds in, to some seriously rich potential investors who could write a cheque for a million in their sleep.

"There are also a handful of people with no involvement with rugby and don't have Welsh heritage, but are thinking about maybe taking a punt on this."

A consortium of potential investors was due to hold an open meeting at Old Deer Park on Wednesday night.