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
International Olympic Committee award seeks to present "shame-on-you-awards to the nastiest corporate players of the year". Before the start of the 2012 Olympic Games, the IOC decided not to hold a minute of silence to honor the 11 Israeli Olympians who were killed 40 years prior in the Munich Massacre. Jacques Rogge, the then-IOC President, said it would be "inappropriate" to do so. Speaking of the decision, Israeli Olympian Shaul Ladany, who had survived the Munich Massacre, commented: "I do not understand. I do not understand, and I do not accept it". In February 2013, the IOC did not include wrestling as one