Victoria state in Australia puts the 2026 Commonwealth games in the gutters.

“Frankly A$6-A$7bn ($4.1- $4.8bn) 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 made their intentions known to 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.”

This comes at a surprise for many who are kneen on making it a business venture, investors will have to pull out too and with the contract yet to be terminated many will be hoping for a miracle to happen.

Australia’s state of victory threw one of the biggest sporting events in the gutters when its announced yesterday that it is unable to meets requiment necessary for the common wealth games due to its  high cost of  hosting.