President of the International Olympic Committee Games grew to become the most important sports event. De Coubertin created the modern pentathlon for the 1912 Summer Olympics. He subsequently stepped down from the IOC presidency after the 1924 Summer Olympics, which proved much more successful than the first attempt in Paris in 1900. He was succeeded as IOC President in 1925 by Belgian Henri de Baillet-Latour. De Coubertin remained Honorary President of the IOC until his death in 1937 in Geneva, Switzerland. Henri, Comte de Baillet-Latour was elected IOC President in 1925, after the founder of the modern Olympic Movement, Baron de Coubertin, stepped down from the
London Organising Committee of the Olympic and Paralympic Games not responsible for building permanent venues, reported spent £2.38 billion since winning the bid in 2005 and generated £2.41 billion. On 30 May 2013 it handed back to the government, Britain's Olympic committee and other beneficiaries a surplus of £30 million from the 2012 Games. The British Olympic Association received £5.3 million, the British Paralympic Association £2.6 million, and £20 million was returned to the Department for Culture, Media and Sport. On 6 July 2005 the International Olympic Committee (IOC) chose London as the host city for the 2012 Olympic Games. After the success of the London bid, LOCOG was