Australia’s state of Victoria has shockingly pulled out of the hosting of the 2026 Commonwealth Games due to projected cost overruns, with the future of the quadrennial multi-sport event now in doubt.
The edition which is officially known as the XXIII Commonwealth Games, is a multi-sport event for members of the Commonwealth.
The 2026 edition would be the first to be held since the passing on of Queen Elizabeth II and the first under King Charles III.
The hosting rights had been granted to Victoria, Australia since 12 April 2022.
In a new twist, Victoria Premier Dan Andrews said the cost of the Games, which were to have been held in four regional hubs, could blow out to more than seven billion Australian dollars ($4.8 billion) from a budgeted A$2.6 billion if they went ahead.
“Frankly A$6-A$7 billion for a 12-day sporting event, we’re not doing that,” Andrews said at a media conference.
“I will not take money out of hospitals and schools to fund an event that is three times the cost as estimated and budgeted for last year.”
Andrews said Victoria had already informed the global Commonwealth Games Federation (CGF) but the cost of breaking the 2026 contract had yet to be decided.
The CGF did not provide immediate comment but local body Commonwealth Games Australia (CGA) said the pull-out was “beyond disappointing”.
“It’s a comprehensive letdown for the athletes, the excited host communities, First Nations Australians who were at the heart of the Games, and the millions of fans that would have embraced a sixth home Games in Australia,” CGA Chief Executive Craig Phillips said in a statement.
“The stated costs overrun, in our opinion, are a gross exaggeration.”
The sporting event for mostly former British colonies has struggled to remain relevant, with five of the last six editions held in Australia or Britain.
English city Birmingham stepped in to host the 2022 Games after South Africa were stripped of them in 2017 over a lack of progress in preparations.
Though Australia hosted the Games as recently as 2018 at the Gold Coast, Victoria put its hand up for 2026 last year when no other countries showed interest.
Victoria officials had talked up the legacy benefits from new infrastructure in the regional hubs of Geelong, Ballarat, Bendigo and Gippsland, and an economic boost of more than A$3 billion.
Andrews said the government will instead spend more than A$2 billion on a “regional package” which would include building all permanent sporting facilities intended for the Games, along with A$1 billion for social and affordable housing.
The Australian Olympic Committee (AOC), which had spoken of the 2026 Games as a “runway” for hosting the 2032 Brisbane Olympics, said it was “an enormous disappointment” for the athletes.
Lagos State Government has called on foreign investors, keen on investing in Nigeria, to consider… Read More
South Korean President, Yoon Suk Yeol, has announced plans to establish a new ministry aimed… Read More
Nigerian female engineer, Oluwami Dosunmu-Ogunbi, made history by becoming the first black woman to earn… Read More
Forget grocery drudgery. Imagine vibrant shelves overflowing with fresh produce, thanks to a digital revolution… Read More
The United States Agency for International Development (USAID), and the Coca-Cola Foundation have jointly invested… Read More
Following the new cybersecurity levy introduced by the Nigerian government through the Central Bank of… Read More
This website uses cookies.