Tuilaepa, who is also the chair of the SRU, said the Union could not afford to pay off debts with banks and also need funds to pay players in the Manu Samoa sevens and fifteens sqauds.
The Union is holding a fundraising radiothon today in an attempt to address the union's dire financial situation.
RNZ's correspondent in Samoa, Autagavaia Tipi Autagavaia, said the Prime Minister admitted the Union was in a perilous position.
"They're begging the public for their financial support in today's radiothon," he said of the SRU.
