Budapest looks set to host the International Judo Federation (IJF) World Championships in 2017 after the Hungarian Government agreed to underwrite the costs of the event.
The projected cost of the event is estimated to be HUF2 billion (£5 million/$7.5 million/€6.4 million) and the Government will fund it out of the State Budget between 2015 and 2017 after the Hungarian Judo Federation (HJF) held talks with the country's Sports Minister István Simicskó.
The bid also has the support of Hungary's Prime Minister
China, Mongolia and Qatar are also bidding for the event but László Tóth, chairman of the HJF, claimed he expected Budapest to be awarded the Championships, especially after they were encouraged to bid by Marius Vizer, President of the International Judo Federation, who are based in the Hungarian capital.
That followed a widely heralded for a successful Grand Prix in Budapest last year, which came on the back of the 2013 European Championships, which was also praised.
But they have never hosted the event.
They did stage a successful World Junior Championships in 2004, however.
The 2014 World Championships were staged in Chelyabinsk, when the spectators included Russian President Vladimir Putin, while this year's event is due to take place in Astana, Kazakhstan's capital.
The host city for the 2016 Championships has yet to be announced.
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June 2014: Budapest in line to host 2017 World Judo Championships after successful Grand Prix