The Fiji Rugby Union (FRU) has reported an impressive surplus of $1.6 million in its 2023 annual report, marking a significant turnaround from the previous year when it incurred a loss of the same amount. FRU Trust Board Chairman Peter Mazey highlighted that the union generated $27 million in income for 2023, a notable increase compared to $21 million in 2022.
While expenditures rose to $25.5 million from approximately $23 million, the FRU’s successful management allowed them to post a profit. Mazey expressed optimism about the future of the FRU, indicating that the organization is clearly on the path to recovery and growth.
During the upcoming annual general meeting (AGM) on Saturday, resolutions from unions will be discussed, and the financial report for 2023 will be presented. Additionally, seven new board members will be appointed at this meeting.
This positive financial turnaround emphasizes the resilience of the Fiji Rugby Union, and it’s a promising sign for stakeholders and fans alike. The organization’s ability to increase its income and return to profitability demonstrates effective management strategies and a bright outlook for the future of rugby in Fiji.
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