London Welsh confirm Tony Copsey to step down as chief executive
Last Updated: 15/04/13 11:12pm
Kassam Stadium, the current home of London Welsh
London Welsh have confirmed chief executive Tony Copsey has stood down following relegation back to the Championship.
The Exiles, who were docked five points for fielding an ineligible player earlier in the season, suffered a 10th Aviva Premiership defeat in a row on Sunday - their 31-14 loss to Northampton confirming their return to the second tier.
In the wake of defeat to Saints, major shareholder Kelvin Byron announced that he will be withdrawing his funding ahead of next season, and Copsey's departure is the next major change at the Kassam Stadium.
In a statement on the club's official website, Copsey said: "I'm obviously very disappointed to be stepping down as the chief executive of London Welsh, but given the situation I did not feel carrying on in my current capacity was the best for me or the club.
"I will continue to support the club going forward and wish it all the best in the very challenging times it faces ahead.
"I know it has the players, the staff and the spirit to overcome the difficulties it has had to contend with in recent weeks and would like to thank all the staff, players and supporters, who have been tremendous in their support and professionalism through increasingly difficult times."
Chairman Bleddyn Phillips added: "We are naturally very disappointed that as a result of having to review our position as a club from a financial perspective we have been obliged to look at slimming down our operations.
"We are extremely sorry to have to lose someone with the experience and stature of Tony in the game and we thank him for the considerable contribution he has made to the club in the all too brief a period of time he has been with us.
"We wish both him and his family all the very best for the future."
Speculation continues as to whether Welsh will remain at the Kassam Stadium, which they moved to from Old Deer Park on winning promotion last summer.