Charlotte Foster
Money & Banking

Gina Rinehart's bid to save the Commonwealth Games

Gina Rinehart has thrown her support behind a bid to save the 2026 Commonwealth Games, after Victoria abandoned hosting the event.

Australia's richest person has vowed to work with sporting officials and Gold Coast Mayor Tom Tate to help salvage the Games and move them to Queensland, after Victorian premier Dan Andrews pulled the pin on the event over major budget issues. 

Gina's support comes amid fears the Commonwealth Games are in free fall after Canada pulled out of a bid to host the 2030 Games, meaning the Games currently have no future events planned and no host city.

Following Victoria's abandonment of the 2026 Games, London, New Zealand and several cities in Scotland have launched campaigns to host the event, with each of them garnering some public support.

According to reports from the Courier Mail, Rinehart is not prepared to fund the Games herself, but is prepared to do whatever is needed to help the Gold Coast secure the Commonwealth Games.

A spokesman for Rinehart said “direct athlete support” would remain the focus of Hancock Prospecting’s sports funding program, but she would back a Gold Coast bid.

“Having seen the joy that athletes and their families experienced when competing in front of a home crowd for the 2018 Gold Coast Commonwealth Games, Mrs Rinehart would certainly welcome the 2026 event to again be held in Australia, especially at the Gold Coast, where it was run so successfully before,” her spokesman said. 

Mayor Tate said Rinehart’s commitment was a significant endorsement in the Gold Coast, which he said could host the Games again at a cost of just over $1 billion.

The city hosted the 2018 Commonwealth Games and would have the facilities to hold the event just eight years later.

“Her statement sends a clear message: We must show what we are capable of as a country,” Tate said.

“The Aussie athletes deserve it, as does every young kid who dreams of representing their country."

“The momentum behind a 2026 Gold Coast Games is growing.”

Image credits: Getty Images

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money & banking, Gina Rinehart, Commonwealth Games, support, funding