Jenny Seeto, a member of the Fiji Rugby Union’s board of trustees, attributes the union’s impressive turnaround of $3.2 million in 2023 to prudent financial management and governance. Following the FRU Annual General Meeting at the Grand Pacific Hotel, she shared that the organization successfully generated a surplus of $1.6 million after reporting a loss of $1.6 million in 2022.
Seeto highlighted the importance of increasing sponsorships, which played a significant role in restoring confidence among sponsors. The FRU’s 2023 Annual Report reveals that the union achieved a total income of $27 million against expenditures of $25.5 million.
Additionally, she emphasized that effective management of expenses further contributed to this financial success. Seeto expressed a commitment to sustainability, underscoring its vital role in advancing rugby development across the nation, particularly at the grassroots level. “We need to sustain profitability and increase profitability as well,” she stated.
Peter Mazey, the chairman of the board of trustees, acknowledged Seeto and fellow board members Alipate Naorosui and Sikeli Tuinamuana for their financial expertise, referring to them as “financial gurus.”
This positive turnaround showcases the potential for growth and development within Fiji rugby, highlighting the effectiveness of strategic financial decisions and the importance of nurturing grassroots support for the sport.
Overall, the union’s commitment to sustainability and increased profitability promises a brighter future for rugby in Fiji, offering hope for continued success and community engagement in the sport.
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