International Olympic Committee (IOC) president Thomas Bach announced yesterday that he will not seek to helm the organisation for a third term, Xinhua reported.

“As a result of deep deliberations and extensive discussions, also with my family, I have come to the conclusion that I should not have my mandate extended beyond the term limit stipulated by the Olympic Charter,” Bach told IOC members at the closing of the 142nd IOC Session in the French capital.

“In order to safeguard the credibility of the IOC...