Paris and Los Angeles have been announced as respective hosts of the 2024 and 2028 Olympic Games.

The “tripartite agreement” between the International Olympic Committee (IOC), Paris 2024 and Los Angeles 2028 was ratified in the Peruvian capital Lima on Wednesday.

The historic compromise sees both cities join London as three-time hosts of the summer Games, with Paris getting its wish to go first and celebrate the 100th anniversary of its last Olympics in 1924.

LA, meanwhile, gets the certainty of a Games without a bidding contest and early access to at least £1.8billion in shared revenue to kick-start its legacy plans 11 years early.