The All India Chess Federation (AICF) is taking into consideration many avenues as it contemplates bidding for the web hosting rights of the a lot-expected FIDE Globe Championship match involving India’s D. Gukesh and Ding Liren.
“We are internally examining almost everything essential to bid for it — knowledge things like logistics, commercials and everything. As soon as we have a further comprehension and a enormous clarity on the dynamics, then we will be capable to get a phone,” AICF President Nitin Narang instructed PTI.
The choice on the host city hinges upon the end result of this inside assessment, as clarified by Narang.
FIDE’s get in touch with for bids on Saturday unveiled the specifications for prospective bidders, such as a price range of USD 8.5 million (approx. Rs 71 crore) and a facilitation charge of USD 1.1 million (approx. Rs 9 crore).
The AICF has until finally May perhaps 31 to submit the bid, with FIDE set to allocate the prestigious event on July 1. The all round prize funds, earmarked by FIDE, stands at all over USD 2.5 million (Rs 21 crore approx), a noteworthy enhance from USD 2 million (Rs 17 crore) in 2023.
Tentatively scheduled involving November 20 and December 15, the Globe Championship claims to be a thrilling contest, that includes Gukesh, the 17-12 months-aged prodigy from Chennai. Gukesh secured his location in the grand finale pursuing a historic victory in the Candidates Tournament in Toronto very last week.
His triumph not only etched his title in chess history as the youngest at any time winner of the Candidates but also propelled him to come to be the youngest qualifier for the Earth Championship, shattering the 40-year-outdated report established by Russian maestro Garry Kasparov.