London bid for the 2012 Summer Olympics being selected by the International Olympic Committee (IOC) when put up against other world cities in a competitive bidding process. On 6 July 2005 at its 117th Session in Singapore, the IOC awarded London the right to host the Games of the XXX Olympiad. The city beat the favourite Paris 54 to 50 on the fourth and final ballot. London is the first city to host the Games three times. At the time of the bid, the budget projection was around £2 billion, but it was later estimated that the true cost would be around £9 billion. The project involved
Football at the 2012 Summer Olympics – Men's tournament ttang", lit.: "Dokdo is our territory"). This incident occurred on the same night after South Korean President Lee Myung-bak had visited the islands which both South Korea and Japan claim as their territory. The IOC and FIFA reviewed the evidence, since FIFA statutes prohibit political statements being made by athletes at Olympic events. The IOC barred Park from the bronze medal ceremony and did not permit him to receive his medal. In addition, it asked FIFA to discipline Park, and stated that it may decide on further sanctions at a later date. IOC president Jacques Rogge told reporters: "We will