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An “enduring legacy” for cyclists has pledged a new dawn for the sport.

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In a ground-breaking deal, agreement over the Olympic Park’s Velodrome has now been reached for the nation’s three leading players to drive the venue forward not only to produce hatfulls of gold-medal winners and World champions but to deliver an enduring legacy for cyclists of all abilities for generations to come.

The agreement is between post-games venue managers Lee Valley Regional Park Authority, the National Cycling Centre in Manchester, the Glasgow-based Sir Chris Hoy Velodrome, and British Cycling.

Olympic Minister Hugh Robertson was at Friday’s historic signing outside the 2012 venue.

The players are: Lee Valley Regional Park which stretches 26 miles along the River Lee from Ware in Hertfordshire to East India Dock Basin on the Thames, will own and run the Velodrome and neighbouring VeloPark which takes in the BMX track, a one mile road circuit and mountain bike trails

Glasgow Life which delivers sports programmes and major sporting events on behalf of the City Council, the under-con construction £113million Commonwealth Sports Arena and Sir Chris Hoy Velodrome for the 2014 Commonwealth Games, Manchester City Council which has an impressive reputation for staging major international sports events that deliver long-term social and economic benefits and the national governing body for cycling, British Cycling, which is responsible for governing the development of the sport in England home to the GB Cycling Team which scooped 34 medals at the 2008 Beijing Games making it Britain’s most successful Olympic and Paralympic sport.

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