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International Olympic Committee: World Athletics president Sebastian Coe has announced that he is giving "serious thought" to running for the presidency of the International Olympic Committee (IOC) following Thomas Bach's decision not to seek a third term.

Bach, who has led the Olympic movement since 2013, confirmed on Saturday that he will step down when his term concludes, opening the door for new leadership.

Coe, whose final term as World Athletics chief ends in 2027, has long been considered a potential successor to Bach. The British sports administrator, a two-time Olympic gold medallist in the 1500m and the mastermind behind the successful London 2012 Olympic Games, has been a prominent figure in the Olympic movement for decades.