HomeSportRugby‘ZRU finances worrying’

‘ZRU finances worrying’

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Re-elected Zimbabwe Rugby Union (ZRU) boss Themba Sibanda says the new board’s main priority is to make sure that the union comes out of the serious financial problems it is facing.

It emerged during the association’s annual general meeting over the weekend that the union was in a deficit position after accruing a debt of $140 000.

In an interview after the general meeting, Sibanda said it was necessary for the association make some sacrifices for them to build a brand and was upbeat they were better times ahead for the local sports as a number of sponsors were going to come on board.

“The financial statements showed that we are in a deficit position. In 2010 the union had to rely on credit and we do owe a certain amount of money, the treasury’s report indicated that we owed about $140 000 to creditors.

“It is an unfortunate situation but when you have a situation where you are trying to create a brand you need to have invested some money so that you attract sponsorship,” said Sibanda.

The rugby boss also commended the fundraising committees for the Under-19 national team and the Cheetahs led by Aaron Jani and Bruce Hobson respectively for ensuring that junior and sevens rugby continues to grow.

He however said they were better times ahead for rugby in the country as they were some sponsors who would be coming in to support the various national teams.

“Looking ahead I’m confident that this year we should make some progress in reducing the deficit that we have accumulated over the years. We are looking at having major sponsors coming in for the various national teams,” said Sibanda.

The flagship national team the Sables will have an increasingly competitive national calendar this year where they will play 10 Test matches in the Africa Cup in June and the second edition of the tri-nations Victoria Cup starting in July.

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