As it was officially announced by Euroleague’s CEO Jordi Bertomeu just moments ago, Istanbul will be hosting 2012 Final Four.

The most likely candidates were London and Istanbul but Bertomeu rejected London’s bid yesterday citing the 2012 London Olympics as the main reasons claiming that “Euroleague is a serious organisation, not a test event.”

The tournament will take place at the “Sinan Erdem Spor Salonu” and the most likely date will be the first weekend of May, meaning May 4-6.