Malaysia rejects offer to host 2026 Commonwealth Games due to cost | Economic News

The announcement comes after the Australian state of Victoria withdrew from hosting the event last year, citing cost concerns.

Malaysia has turned down an offer to host the next Commonwealth Games, citing concerns over the cost of the quadrennial sporting event.

Minister for Youth and Sport Hannah Yeo said on Friday that the government had made the decision after concluding that the 100 million pound ($126.21 million) support fund proposed by the Commonwealth Games Federation would not cover the entire cost. Stated.

“The government wants to focus not only on the development of sports, but also on the welfare and well-being of the people,” Yeo said in a statement.

The proposal received a mixed response in Malaysia amid concerns over the economy and necessities such as the plunging value of the ringgit.

Malaysia’s Olympic Council had previously proposed holding the event at a reduced scale.

Malaysia was asked to host the event after the Australian state of Victoria pulled out last year, claiming the estimated cost had ballooned by A$6.9 billion ($4.5 billion).

A Victorian Auditor’s Office report released on Wednesday found cost estimates that led to the event’s cancellation were “overstated and lacked transparency”.

The Commonwealth Games attract athletes from more than 70 countries and territories, most of whom are former members of the British Empire.

The 2022 Games will be held in Birmingham, England after Durban, South Africa, was stripped of its hosting rights after failing to meet standards set by the organizing body.

Malaysia, which declared independence from Britain in 1957, hosted the Commonwealth Games in Kuala Lumpur in 1998, becoming the first country in Asia to host the Games.

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