Talks underway by FRU on sponsorship
This was revealed by FRU Chief Executive Officer Manasa Baravilala at the Annual General meeting last Saturday.
Baravilala added that they have implemented some policies at Rugby House to monitor their operations.
Former FRU Chairman Colonel Mosese Tikoitoga said some former sponsors like the Bank of the South Pacific are showing interest in partnering with FRU again after they pulled out last year.
The Suva Rugby Union questioned the board in the Fiji Rugby Union AGM on Saturday why the FRU recorded a $600,000 loss.
FRU suffered a net loss of $606,647 last year compared to $177,748 in 2011.
Suva Rugby Chairman Commander Francis Kean questioned the Finance Director's role in looking after the finances.
Baravilala said in 2011, funding was provided by the IRB but last year there was no sponsor but they managed to take up some cost cutting measures at FRU in order to reduce the debt.
Finance Director Napolioni Batimala said one of the reasons FRU suffered a major loss was due to the Bank of the South Pacific's withdrawal from sponsoring the Farebrother Sullivan trophy challenge last year.
Meanwhile, the new FRU Board will meet this week to decide on the new Chairman after Colonel Tikoitoga's term expired last week.
The new board members elected in the AGM over the weekend include USP's Deputy Vice Chancellor Doctor Esther Williams, former Flying Fijians captain Mosese Taga, former QVS Principal Filimoni Vatuvoka, Carpenters Fiji Limited executive Daniel Whippy and Carl Cameron.
Prime Minister Commodore Voreqe Bainimarama will submit his nominee later this week.
Story by: Akuila Cama
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