In a shocking turn of events, the Australian state of Victoria, which was all set to host the 2026 Commonwealth Games, has decided to pull out of the quadrennial event.
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Here's the reason
State Premier Daniel Andrews has revealed that the initial estimation to host the event was A$2.6 billion, but later it was disclosed that the cost will climb to A$7 billion.
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Victoria refuses to spend $7bn on CWG
Victoria Premier Daniel Andrews refuses to spend $7bn on hosting the 2026 Commonwealth Games, prioritizing funding for hospitals and schools instead.
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CGF highly disappointed
The Commonwealth Games Federation (CGF) was highly disappointed. It claimed that Victoria had deviated from the prior agreed plans which incurred additional expenses against their advice.
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CGF needs to find a new host
The event featuring 20 sports and 26 disciplines was going to be held across five regions in Victoria. It will be tough for CGF to find a new host as very few countries have shown interest.