The Fiji Rugby Union (FRU) has announced an impressive financial surplus of $1.6 million for the 2023 fiscal year, representing a significant recovery from the previous year’s loss of the same amount. FRU Trust Board Chairman Peter Mazey highlighted this turnaround, noting a substantial rise in the union’s income, which increased from $21 million in 2022 to $27 million in 2023.
Despite the union’s expenses also rising to $25.5 million, the strategic improvements have enabled the FRU to achieve profitability. Mazey expressed optimism about the future of the organization, asserting that the financial results demonstrate their progress and positive trajectory.
Additionally, Mazey mentioned that resolutions from unions have been collected and will be examined during the upcoming Annual General Meeting (AGM) on Saturday, where the 2023 financial report will be shared, along with the appointment of seven new board members.
This significant turnaround not only reflects the resilience of the Fiji Rugby Union but also instills hope for continued financial stability and growth for the organization in the future. This encouraging outcome bodes well for rugby development in Fiji, potentially leading to enhanced support for players and infrastructure.
Leave a comment