The Fiji Rugby Union (FRU) has reported an impressive surplus of $1.6 million in its annual report for 2023, marking a notable recovery from a financial loss of $1.6 million in the previous year.
Chairman of the FRU Trust Board, Peter Mazey, highlighted that this turnaround is a testament to the union’s improved financial health. In 2022, the FRU had an income of $21 million against expenses of around $23 million. However, in 2023, income surged to $27 million, despite a rise in expenditures to $25.5 million. This financial turnaround demonstrates the effectiveness of strategic financial management within the union.
Mazey expressed optimism about the future of the FRU, stating that the organization is heading in the right direction. The upcoming Annual General Meeting (AGM) will address resolutions from unions and present the 2023 financial report. Additionally, the AGM will include the appointment of seven board members.
This positive development not only showcases the resilience of the FRU but also sets a hopeful trajectory for rugby in Fiji, potentially fostering greater investment and support for the sport in the coming years.
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