Scotland are set to step in and host the 2026 Commonwealth Games in Glasgow after a deal was struck this month.
A scaled-down version of the Games, started initially as the Empire Games during the times of the British Empire, will return to Glasgow 12 years after the city last played hosts, according to BBC Scotland.
Victoria, Australia, was the planned host of the quadrennial multi-sport event but pulled out due to costs.
Glasgow said they would step in but the Scottish Government in Holyrood had been wary over possible cost increases.
But in a week when Australia handed Glasgow a multi-million pound donation to help them host the Games, it looks like the Scottish Government has fallen into line.
The budget will now be just north of £110m, with the Glasgow 2024 Games costing over £500m
Formal confirmation of the decision is expected shortly.
The Games, therefore, will come at no cost to the public purse and undoubtedly have a huge financial gain for the local and national economies.
The UK government will provide financial support in the event of any increased security threat, according to the BBC.
“We commend Commonwealth Games Australia (CGAus) for making this generous multi-million-pound offer to further enhance and support the Glasgow 2026 ambitions,” said the Commonwealth Games Federation after Australia handed Scotland a financial boost to step in and host the Games last week.
“A fundamental part and principle of the Glasgow 2026 project has always been to build a concept where the delivery of the Games does not require financial underwriting by either the Scottish or UK Governments.
“These Games are funded by the Commonwealth Games Federation investment of £100 million plus private income. Budgets have been devised by a team of experienced major event budgeting professionals and a significant contingency is included in the budget.”
The last Games were held in Birmingham.