No surprise there then, the rumours have been doing the rounds for a while. It will be interesting to see if the rumours of his departure after his Knighthood turnout to be true as well.
With the sponsorship of the 2014 Commonwealth Games, the Queen's Baton Relay as well as the recent introduction of the Thames 'Emirates Air Line' link and the 'Emirates Aviation Experience' in London, it could be argued that the timing of his knighthood is perhaps a little more than simply a coincidence.
After all, cosying up to Boris won't have been done out of the goodness of his heart!