<corr Winter>No financial guarantees for Anand-Topalov World Championship

10/2/2009 – Bids for the World Championship match between Vishy Anand and Veselin Topalov, planned for April next year, were opened on October 1st. FIDE informs us that three bids were submitted, from Bulgaria, Singapore and Turkey. They should have been accompanied by financial guarantees, but none was provided. FIDE has extended the procedure until October 15th. Press release.

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FIDE Press Release / Thursday, 01 October 2009, 13:35

World Championship Match GM V. Anand – GM V. Topalov

When the deadline expired for bids for the World Championship Match between GM V. Anand (current World Champion) and GM V. Topalov, three bids had been received at the FIDE Secretariat in Athens, Greece, from Bulgaria, Singapore and Turkey.

These bids were opened in the presence of the FIDE Deputy President, Georgios Makropoulos and the FIDE Executive Director, David Jarrett.

Under the terms of the bidding procedure, the bids should have been accompanied by financial guarantees. As none of the bids provided such a guarantee, it has been decided that the bidders have until October 15th, the day before the opening of the FIDE Executive Board at Halkidiki, Greece, to meet this condition.

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