While the planned €60 million (£44 million/$67 million) cost of the bid will be split 50:50 between the public authorities and the sports movement/private-sector partners, one significant point about the new structure is that the sports movement will hold a slim majority among the 31 representatives on the GIP.

According to details published by Île de France, the region surrounding Paris, the new entity will comprise 12 representatives of the French Olympic Committee (CNOSF), four of the French Paralympic Committee (CPSF) and five each of the French State, the Île de France region and the City of Paris.

Leading sports figures Bernard Lapasset, World Rugby chairman, and Tony Estanguet, triple Olympic canoeing champion, will be co-Presidents.

It has emerged, meanwhile, that the corporate structure of the Hamburg bid also places sports interests in the majority, with the German Olympic Committee (DOSB) holding a 51 per cent stake.

Of the remaining 49 per cent, the City of Hamburg will hold 26 per cent, the German Government 18 per cent, the city of Kiel [proposed sailing host] two per cent, Schleswig-Holstein [golf] two per cent and the chamber of commerce one per cent.

Hamburg’s bid budget is put at €50 million (£37 million/$56 million), though it must win a referendum in November if it is to stay in the race.

The other three candidates in a contest that will culminate in Lima in September 2017 are Budapest, Los Angeles and Rome.

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