Durban will not host the 2022 Commonwealth Games.
The Commonwealth Games Federation and Sports Minister Fikile Mbalula could not agree on the operational budget.
Before this latest development the Games’ budget allocation stood at R4.6 billion.
The Money Show’s Bruce Whitfield interviewed Dr Michael Goldman (Assistant Professor in the Sport Management Program at the University of San Francisco and Adjunct Faculty at Gordon Institute of Business Science).
Listen to the interview in the audio below (and/or scroll down for quotes from it).
We’ve seen a negative return on many of the 2010 World Cup investments.— Dr Michael Goldman
The returns would’ve been much smaller than the 2010 World Cup.— Dr Michael Goldman
The Rugby World Cup in 2023 is much more interesting.— Dr Michael Goldman
Hosting the Rugby World Cup in 2023 holds greater rewards for us than the Commonwealth Games.— Dr Michael Goldman
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