The news from Singapore, where the International Olympic Committee made its decision, was received with rapturous applause in the WREX room at the Millennium Stadium where chief executive Paul Sergeant had gathered staff, media and one very special guest, Welsh Olympic gold medallist Lynn Davies.
This was how 'Lynn the Leap', the 1964 long jump champion in Tokyo, reacted to the final verdict that saw London beat Paris to the games.
"It is staggering, almost unbelievable. This is the greatest day in the history of British sport," claimed Davies. "The British bid was fantastic and Seb Coe did a magnificent job in hitting exactly the right notes in his address. This decision will revolutionise sport in the UK over the next decade and should finally bring sport to somewhere near the top of the political agenda.
"The Olympic Games in 2012 should become the focus for everyone in the UK over the next seven years. It will be a catalyst for the youth of our nation and will provide London with a long lasting legacy.
"The impact of hosting the Games will be felt throughout the UK and the economic benefits of hosting more than one million visitors is bound to be a boost to the whole country. This is an incredible opportunity for our nation and one which will have far reaching implications.
"It is brilliant news for the Millennium Stadium and the eight soccer matches they will stage in 2012 will allow the whole of Wales to really get behind the Games."
As for Sergeant, he said the decision was "breathtaking" and was the icing on the cake in a 12 month period that has seen the Millennium Stadium produce record attendance figures for the Autumn Series of rugby internationals, stage the ground breaking Tsunami Relief Cardiff concert, provide the venue on which Wales won their first Grand Slam in 27 years, install a revolutionary curtain to create an indoor arena and host concerts from U2 and REM.
"In 24 years in this business I don't think I have ever been so overwhelmed by a decision. For the Millennium Stadium, Cardiff and Wales to be able to look forward to playing its part in an Olympic Games is a magical feeling," said Sergeant.
"We are very proud of the fact the Millennium Stadium was part of the London bid and we look forward to hosting the eight soccer games we are contracted to stage in 2012. It just proves there is no sporting event in the world that can't find a home here at the Millennium Stadium."
The Welsh Rugby Union is forming a new Youth Board with a brief to help keep more young people involved in the game during their late teenage years and beyond. The first task of the fifteen strong Board will be to analyse and consider the issues which lead to a number of youngsters drifting away from the sport between the ages of 16 and 21. To apply visit www.wru.wales/youthboard
The Foster's Challenge Cup will involve the 12 Principality Premiership sides and will run during European and British & Irish Cup weeks, providing vital fixtures for the participating clubs and an opportunity for upcoming players to step up to semi-professional rugby and make a claim for starting places within the Premiership squads.
Eighty schools and colleges in Wales now have a full time rugby officer as part of the WRU's school club hub scheme. All of the school club hub officers recently gathered at the National Centre of Excellence for various workshops.
With Liam Williams forced out of the World Cup through injury, lock Luke Charteris and Skills Coach Neil Jenkins say they have to put yesterday's defeat behind them as Wales now look ahead to another physical encounter against South Africa in the quarter-finals of the Rugby World Cup.
WRU Consultant Head of Physical Performance Paul Stridgeon praises the Physical Performance department for their work and dedication as he addresses the media ahead of Wales' Pool A clash against Australia
Twelve young people have been selected to follow a one year WRU Coach Core apprenticeship programme. Coach Core was set up by the Royal Foundation of the Duke and Duchess of Cambridge and Prince Harry as part of the Olympics legacy in 2012 and the Duke of Cambridge was on hand to meet the apprentices on their first day in the job. The programme has been funded by the Hunter Foundation.
The WRU has launched a campaign to create a long term legacy for Welsh club rugby by highlighting the advantages of volunteering. Rhian Edwards, a volunteer at Seven Sisters, has enjoyed many benefits of her volunteering at a grassroots rugby club including being part of the Rugby World Cup volunteer workforce after being nominated by the WRU - and the WRU is asking for more people to develop their 'Welsh rugby roots'.