Wales had been nursuring a bid to host the Games in the last couple of months but have finally decided to drop their bid plan. According to Welsh Economy and Infrastructure Secretary, Ken Skates, a bid was not feasible after a study revealed costs of between £1.3bn and £1.5bn.
He cited the high cost and the outcome of last month's Brexit vote for the decision.
“Given the high cost, our understanding that an all-Wales bid was less likely to be supported and the current funding uncertainty following the vote to leave the EU, we have reluctantly concluded that the bid for the 2026 Commonwealth Games is not feasible,” Skates said, according to the WalesOnline website.
“I would stress that the work we have undertaken has not been wasted. It has highlighted the need for us to undertake a review of sports facilities in Wales with a view to increasing our spread of world class venues.”
However, Skates did not rule out a potential bid for another edition of the multi-sport event, with the Welsh Government to revisit the subject in the future.