Hungarian Prime Minister Ferenc Gyurcsany today said he was disappointed to lose out on hosting the 2012 European football championships to Poland and Ukraine but promised to try again in the future, reported dpa. "Naturally I'm disappointed...but we have to bear the defeat with dignity," he told news website index.hu. "We did everything we could and we don't know what went on in the background of the decision." The Hungarian government had pledged hundreds of millions of euros to renovate three stadiums and build one new one as well as upgrade infrastructure if its joint bid with Croatia was successful. While this money will now not be spent in the near future, Gyurcsany said that another attempt at winning a major championship was not out of the question. "We have to bid. We have to go forward," he said. The Hungarian team, which believed its joint bid with Croatia had a strong chance of victory, reacted with shock at losing out. Ferenc Denes, one of the members of the Hungarian delegation, said that the overriding opinion had been that the winner would come from either the Hungary-Croatia or Italy camp. "Nobody here is happy," he said on InfoRadio. The Hungarian media was equally surprised to see Poland and Ukraine win and painted a picture of a depressed Hungarian delegation. -- SPA