BUENOS AIRES - The IOC has elected its new president.

However, the world will have to wait till 1530GMT, or 11.30pm Singapore time, to discover the identity of sport's most powerful man.

There were six candidates: German Thomas Bach the favourite, Singapore's Ng Ser Miang, Wu Ching-Kuo of Taiwan, Richard Carrion of Puerto Rico, UKrainian pole vault legend Sergey Bubka and Swiss Denis Oswald.

Taiwanese Wu was eliminated after the first round, tying for last place with Ng.

He had garnered less votes than the Singaporean in the run-off.

It then went to a second round, with one of the remaining five candidates gaining an absolute majority.

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