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I don't think Birmingham City Council's woes are anything to do with hosting the Commonwealth Games, more a historic claim relating to (the lack of) equal pay. I think it's set to cost them the best part of £1billion.

Birmingham was going to go for the 2026 Games, but switched to 2022 when Durban, who had been awarded it, pulled out. Victoria had agreed to host 2026, but then withdrew as you say. London hasn't hosted a Games since 1934 which seems slightly strange. It might be the last resort if no-one else...

Malaysia has declined to host the 2026 games, despite being offered $100m as "supporting funds", and Alberta had previously withdrawn their bid to host the 2030 games, leaving no current prospective hosts. Might Birmingham 2022 end up being the last-ever Games?