The All India Chess Federation (AICF) faces the prospect of investing above Rs 80 crore (USD 9.6 million) should it choose to host the Planet Championship showdown amongst Indian feeling D Gukesh and reigning winner Ding Liren of China.
FIDE, the worldwide governing body for chess, not long ago issued a contact for tenders from likely hosts for the prestigious occasion. AICF’s recently-appointed secretary, Dev Patel, has expressed the federation’s keenness to manage the spectacle, notably offered Gukesh’s historic feat of becoming the youngest-ever challenger for the planet title by clinching the Candidates Match in Toronto.
Heritage has been manufactured! We have a new challenger for the Globe Chess Championship:
Congratulations to 17-calendar year-aged Gukesh for successful the 2024 #FIDECandidates – the youngest participant at any time to qualify for the Earth Championship match! pic.twitter.com/bE9uBFX9ww
— lichess.org (@lichess) April 22, 2024
FIDE’s stipulations for prospective bidders incorporate a budget of Rs 8.5 million (roughly Rs 71 crore) and a facilitation cost of USD 1.1 million (close to Rs 9 crore). The match is anticipated to span 25 times, with laws set to be finalized by July 1. The full prize money, boosted to all-around USD 2.5 million (about Rs 20 crore) by FIDE, displays an improve from the prior year.
Furthermore, the organizer have to adhere to FIDE’s pointers regarding business, sponsorship, and broadcasting legal rights, making sure thanks regard for the passions of FIDE’s sponsors and companions. Prospective bidders are necessary to give a detailed breakdown of the price range, which includes proposals for payments relevant to industrial and sponsorship rights, broadcasting legal rights, and the distribution of sponsorship and broadcasting revenues in between FIDE and the organizers.
The remarkably anticipated match, tentatively slated for November 20 to December 15, has spurred desire globally, with chess fans eagerly awaiting the clash of titans.
The final final decision on the host for the championship will be based on several aspects, together with the proposed conditions and the broader interests of chess enhancement. The deadline for submissions is set for May well 31.