FIDE, the international chess governing body, has announced a call for bids to host the upcoming World Chess Championship match between Ding and Gukesh, scheduled between November 20 and December 15, 2024, potentially in Saudi Arabia. The hosting rights require a budget of $8.5 million, a historically high figure, with $2.5 million allocated as the prize fund for the players and $1.1 million going to FIDE. This financial structure, influenced by FIDE's challenges in attracting substantial sponsorship, has sparked discussions regarding the distribution of funds, especially in comparison to previous championships like the 2014 match in Sochi, which had a total budget of $3 million and allocated 50% to the prize fund. There are concerns about the low percentage of the total budget allocated to players, despite the significant expenses they incur, including preparation and taxes.
What does it take to organize the World Championship Match? Why it is NOT just two chairs or 10 people. We will sit down with @sagarchess1 to discuss the organization of two previous Matches I was in charge of, and why the next one is gonna be even a bigger thing.
Where would you rather see the next world chess championship between an Indian and a Chinese hosted?
The 2014 World Championship match in Sochi, of which Dvorkovich was the main organizer, had a budget of 3.000.000 Dollars with 50 % going to the prize fund. https://t.co/l9tSwrxn32
I wish the participants of the World Chess Championship got more money. There are so many expenses involved with seconds, computers, months of prep, taxes, etc… I think it would be more attractive to wealthy sponsors/ patrons if the prizes for the players was a minimum of
Today FIDE, the international governing body of chess, called for bids for the World Championship match. a. Overall budget ask - $8.5 million b. Players get - $2.5 million c. FIDE - $1.1 million I have so many questions. Not even meant as criticism, I am really just super… https://t.co/oDmAX8fTq8
8.5 Mil. Dollars to host a WC match is historically high, with less than 30 % going to the prize-fund a historic low. FIDE lacks income due to inability to attract real sponsorship, and now wants to host the match in Saudi Arabia, keeping the lion's share of profit themselves. https://t.co/l9tSwrxn32
Got $8.5 million to spare? You can bid to host the Ding vs. Gukesh World Championship later this year! The prize fund has been increased from $2 to $2.5 million, while FIDE takes a $1.1 million fee. The match is "provisionally scheduled between November 20 and December 15, 2024" https://t.co/rYxZWwN8ft