The Fiji Rugby Union (FRU) has announced an impressive surplus of $1.6 million for the 2023 financial year, marking a significant recovery from a loss of $1.6 million in 2022. FRU Trust Board Chairman Peter Mazey highlighted this turnaround, noting that the union managed to increase its income from $21 million in 2022 to $27 million in 2023.
Although expenses rose to $25.5 million, the union’s increase in revenue has allowed it to achieve profitability. Mazey expressed optimism about the future of the FRU, asserting that these financial results indicate progress and a positive direction for the organization.
During the upcoming Annual General Meeting (AGM) scheduled for Saturday, resolutions from member unions will be reviewed, and the 2023 financial report will be presented. Additionally, seven board members will be appointed at this meeting.
This turnaround is not only a win for the Fiji Rugby Union, but also a hopeful sign for the broader sports community in Fiji, as it suggests improved financial management and potential for sustainable growth in the future. The positive results could lead to greater investment in rugby development programs and initiatives that benefit players and fans alike.
Leave a comment