Paris to host 2024 Olympics and Los Angeles 2028 edition after big-money deal struck
Paris is poised to host the 2024 Olympics and Los Angeles the 2028 edition after the American city was offered £1.3 billion to stage the latter event.
LA 2024 announced it had agreed to withdraw from the race for the earlier Games, having struck a deal that would see the International Olympic Committee pay it $1.8bn, which could eventually rise to more than $2bn.
The award of the 2024 and 2028 Olympics to Paris and LA respectively needs to be rubber-stamped at September’s IOC session in Lima, but that is now a formality.
The IOC amended its charter at an extraordinary session last month to allow it to do so after several candidate cities for the 2024 Games dropped out of the race and both Paris and LA both made it clear they would not bid for 2028 if they lost.
Monday’s deal was struck in the same week as London’s Olympic Stadium stages its biggest event since the 2012 Games, athletics’ World Championships.
London 2017 will see sport bid farewell to Usain Bolt, who Lord Coe, the president of the IAAF, hailed as “a genius”, standing alongside Muhammad Ali in the pantheon of all-time greats.
“Other than Muhammad Ali, in my sporting lifetime, I can’t think of anybody that has had such an impact inside or beyond their sport,” Coe said.
One of the sport’s other biggest stars, London 2012's 800 metres champion, and world record holder, David Rudisha, has pulled out of the worlds with a quad strain.