Fiji Rugby Union posts F$700,000 loss

The Fiji Rugby Union posted a 700,000 Fiji dollars loss in the last financial year, despite receiving more than F$2 million from the IRB.

The union blames the loss, which follows a F$334,712 deficit in the 2007-08 financial year, on a lack of major sponsorship and government backing. The financial result was the union’s worst since 2000 when it lost almost F$900,000.

The loss of the Fiji national team’s major sponsor, Flour Mills of Fiji has led to the union having to support all activities by the national team and the continued political situation is expected to cause more problems.

The U.N. Security Council has demanded the restoration of democracy and fair elections. Fiji’s military ruler, Commodore Frank Bainimarama, who seized power in a coup more than two years ago, has refused to hold elections until 2014, despite an April court ruling that declared his government illegal. He dismissed all the nation’s judges after the Court of Appeals ruling. Bainimarama has said he will not restore democracy until he has rewritten the constitution and electoral laws.

Original information from The Fiji Times report of Wednesday.

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