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It's London!!
London have won the bid to host the 2012 Olympic Games. Only moments ago I posted that they were down to the last 2 with Paris and as soon as I can find a link to support my story I'll post it - for now you'll just have to take my word for it.
Update:
There you go, first with the scoop is the Wembley and Kingsbury Times but the BBC weren't far behind.
Follow up:
I'm glad London have won. Aside from the fact that I'd hate for us to lose to the French, especially after all their recent monkey-business, the project seems to be quite ambitious and they've included Northern Ireland in their plans. While this is good for the local economy, it's even better because it gets up the nose of petty bigots and begrudgers like this!
Seriously though. This will be good for London and hopefully the country as a whole, economically certainly and potentially for interest in sport among kids here and thus our future hopes for sport in decades to come.