If true, I think he thouroughly deserves it. An icon around the world. Definitely the most famous English sportsman in the world; one of the most famous Englishmen around the world; tireless work for numerous charities; the face of English and British sport (okay, a failed World Cup bid - which was always on the cards - but also a winning Olympic one).
If this rumour is not true, it's only a matter of time until it does happen.