The Forum > General Discussion > Should More Countries Back Out Of Hosting Global Sporting Events?
Should More Countries Back Out Of Hosting Global Sporting Events?
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We're told that:
"On Tuesday, Australia pulled out from hosting the 2026
Commonwealth Games after the projected costs ballooned
from $1.8 billion to more that $4 billion becoming -
"well and truly too much," for host state Victoria to bear."
Premier Daniel Andrews said in a press conference:
"I will not take money out of hospitals and schools in order
to fund an event that is 3 times the cost estimated and
budgeted for last year."
Time tells us that "This decision has once again re-kindled
a debate whether the Commonwealth Games are still relevant on
the global sporting stage today, and if the outsized costs
of hosting global sporting tournaments is worth the trouble.
When you include all of the costs and the total amount of
revenue they bring in - is it a good financial balance?"
Should The Olympics be enough?