The Italian National Olympic Committee (IOC) has officially withdrawn its bid to host the 2024 Olympics in Rome.

In his October 11 speech in Rome, IOC chief  Giovanni Malago was visibly upset, that the City council had voted in opposition to the bid, adding that they had missed out on an opportunity to attract foreign investment. and added how they have embarrassed themselves in an international level.

“Today I wrote a letter to the International Olympic Committee in which we have broken off our candidature for the Olympic Games in 2024,” Malago told a news conference.

“Do you realize what fools we have made of ourselves at an international level?”