Gukesh D vs Ding Liren: Shell Out More Than Rs 80 Crore To Host FIDE World Championship Clash

gukesh d vs ding liren: shell out more than rs 80 crore to host fide world championship clash

gukesh d vs ding liren fide bidding process for championship clash rs 80 crore budget

Gukesh D Of India versus Ding Liren Of China for the FIDE Worlds Chess Championship is probably the most exciting battle on the board that will unfold this year. It will decide who will reign the chess world for the next two years. The World Championship Match 2024 is provisionally scheduled between November 20 and December 15, 2024, stated FIDE in a statement released on Saturday while opening a bidding procedure to host the event. If the All India Chess Federation (AICF) wants to host the event then it will have to shell out more than Rs 80 crore (USD 9.6 million).

After 17-year-old Gukesh became the youngest ever challenger for the world title by winning the Candidates Tournament in Toronto on Monday, AICF’s newly-elected secretary Dev Patel on Thursday had expressed the national body’s willingness to host the grand finale.

Here are the basic provisions as follows:

a) Total duration of the event – up to 25 days

b) The Regulations shall be approved by July 1, 2024.

2) Minimum total budget of the event – 8,500, 000 (eight million five hundred thousand) USD

d) Minimum prize fund – 2,500,000 (two million five hundred thousand) USD. (The prize fund was increased from 2,000,000 USD in 2023).

e) FIDE fee – 1, 100 000 (one million one hundred thousand) USD

f) Payment for commercial, sponsorship and broadcasting rights will be specified according to bidders’ proposals.

g) The Organiser shall respect the rights of the FIDE sponsors and partners, including for the video broadcast.

1.3 The Applicant shall fill in the Bidding Form. The Applicant must indicate the exact breakdown of the budget by item, including proposals for payments to FIDE for the commercial and sponsorship rights, payment for the broadcasting rights and the distribution of sponsorship and broadcasting rights between FIDE and the Organisers.

A signed copy shall be submitted as an e-mail message to the FIDE Secretariat to [email protected] no later than May 31, 2024, by 23:59 Lausanne time. The bid should accompanied by the relevant supporting documents.FIDE has the right to extend this deadline if considered necessary. All the documents shall be submitted in English.

1.4 FIDE reserves the right to enter into additional negotiations with any of the Applicants in order to improve or modify the bid.

1.5 The final decision of FIDE will be based on the totality of all the proposed conditions and interests of chess development.

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