After two rounds of voting IOC President declared Rio De Janerio winners of the 2016 olympic bid.
Rio won the vote fending off competition from Chicago and Tokya before going head to head with Madrid's 2016 bid in the final. Before today's vote Chicago and Rio were seen as the favourites, however, in a shock first round result Chicago was eliminated.
Despite a visit and speech to the IOC in Copenhagen by Barack and Michelle Obama, Chicago did not manage to secure enough support in the first round. Speculation has been made on the affect this could have on his domestic approval ratings. Crowds who had gathered in central Chicago were left open mouthed after Jacques Rogge announced the result.
Following the result Rio De Janerio's mayor, Sergio Cabral, said the decision was "unbelievable, overwhelming and spectacular," On Copacabana Beach celebrations are already well underway and the party is expected to continue long into the night.
In Madrid, crowds streamed from the square where many had gathered to here the result after Rio's win was announced. Speaking on Spanish television Queen Sofia said "We must congratulate Rio, and also the work that we Spaniards have done, it was excellent. It's a disappointment for us,".
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