Olympic Centennial: IOC marks 100 years in Lausanne as city grants lease for another century

With the IOC celebrating 100 years in Switzerland, the Olympic body is already planning to stay in Lausanne for another century.

The International Olympic Committee held a series of ceremonies with local officials on Friday to mark the anniversary of the April 10, 1915, date when modern Olympics founder Pierre de Coubertin decided to establish the headquarters in Lausanne.

IOC President Thomas Bach says "it was the right decision to take then and it still is now."

The IOC is building new headquarters on the same site to bring all its 500 employees under one roof.

The IOC says "with the consolidation of its headquarters, the IOC is further establishing itself in Lausanne for another 100 years."

The statement adds: "Indeed, the city of Lausanne has accepted to grant the IOC a lease until 2115."