September 7 - Madrid were knocked out in the opening round of voting for the 2020 Olympics and Paralympics here, leaving Istanbul and Tokyo to contest the right to host the Games.
It followed a tie between Madrid and Istanbul which meant there had to be another round of voting by the International Olympic Committee (IOC) members to decide who would face the Japanese capital in the second round.
The announcement by IOC President Jacques Rogge that Istanbul had beaten Madrid in the run-off to reach the next round sparked wild scenes among Turkish supporters here who mistakenly thought he was declaring them the overall winners.
But there followed a second round of voting where a winner was chosen.
The decision of that vote is due to be announced at a special ceremony due to start at 5pm local time.
As this was Madrid's third consecutive bid they had started the day as many people's favourites but a generally disappointing presentation plus some tough questions on Spain's poor doping record may have cost it.
"We, at Madrid 2020 had a very strong and robust bid that we have been working on for many years," said Alejandro Blanco, President of Madrid 2020 and the Spanish Olympic Committee.
"Having listened and learned over three previous bid processes, we have presented our best offer and are sad that we will not be able deliver our plans.
"Our bid was not a bid of dreams, but winning the Games would have been a long awaited dream for the people of Madrid."
Crown Prince Felipe tried to look on the positives.
"With a significant proportion of the sporting infrastructure already built and in place, there is, still, a huge positive impact to be acknowledged," he said.
"Our efforts over the past 12 years will not be wasted, in that the people and youth of Madrid will still continue to benefit and enjoy an Olympic legacy from established venues to transport systems, so whilst the race for 2020 is lost, the future of sport in Spain will continue positively".
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