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
President of the International Olympic Committee the Olympics due to its racial policies. After the attacks in Munich, Brundage drew a comparison between the massacre of the Israeli athletes and the barring of the Rhodesian team, for which he later apologized. Brundage is also remembered for proposing the elimination of "all" team sports from the Summer Olympic Games, fearing that the Games would become too expensive for all but the wealthiest nations to host; he also proposed the elimination of the Winter Olympic Games entirely due to its pro-European ideology. Brundage retired as IOC president after the 1972 Summer Games, having held the post for twenty