The Fiji Rugby Union (FRU) has reported an impressive surplus of $1.6 million in its 2023 annual report, showcasing a remarkable recovery from the previous year’s loss of the same amount. FRU Trust Board Chairman Peter Mazey highlighted the organization’s financial turnaround, pointing out that in 2022, the FRU’s income stood at $21 million against expenses of nearly $23 million.
In contrast, the FRU significantly increased its revenue to $27 million in 2023, despite an increase in expenses to $25.5 million. This successful financial performance signals a positive direction for the future of the FRU, as noted by Mazey.
During the upcoming Annual General Meeting (AGM) on Saturday, resolutions from various unions will be discussed, and the 2023 financial report will be presented. Additionally, the AGM will see the appointment of seven new board members.
This financial achievement not only reflects the FRU’s effective management but also sets a hopeful tone for continued growth and improvement in the future. The increase in revenue suggests heightened support for rugby in Fiji, indicating that the sport is on a path to greater stability and success.
In summary, the FRU’s turnaround story is not just a financial win; it symbolizes resilience and a promising future for rugby in Fiji.
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