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FEDERATION INTERNATIONALE DES ECHECS
Recognized by the International Olympic Committee
9 Syngrou Ave., 11743 Athens, Greece
Tel: (+30) 2109212047, Fax: (+30) 2109212859, Email: office@fide.com
www.fide.com
Athens, 11 February 2008
FIDE has accepted an offer for the WCC Challengers Match Kamsky - Topalov 2008
by the Bulgarian Chess
Federation. This offer included a net prize fund of 150,000 USD and has been
approved by the FIDE Presidential
Board since June 2007.
However, after the recent FIDE Presidential Board meeting in Singapore and
following discussions with all parties
involved, FIDE has decided the following in order to try to improve the financial
terms and conditions for both
players:
a) if by 11 April 2008, FIDE receives a bid with a net prize fund of 250,000
USD (minimum) from any country
other than USA, Bulgaria, Russia and Spain, then the match will be organised
in that country with the highest bid.
b) if by 11 April 2008, FIDE receives a bid with a net prize fund of 250,000
USD (minimum) from USA, Russia or
Spain, the organisers in Bulgaria will be requested to match that bid by 30
May 2008. If Bulgaria matches the new
bid, the event will be organised in Bulgaria. If Bulgaria refuses, then the
match will be organised in the bidding
country.
c) if by 11 April 2008 no such bids arrive, the match will be organised in
Bulgaria with a net prize fund
of 150,000 USD.
In order for a proposed bid to be considered, it should be accompanied by a
2-month term recognised bank
guarantee covering the amount of prize fund (minimum 250,000 USD), the FIDE
contribution (20% over and
above the prize fund), and 35,000 USD covering expenses of FIDE as described
in articles 3.17.4 and 3.17.5 of the
match regulations. Within 30 days of a bidder being awarded the event, the amount
of the bank guarantee should be
transferred to the bank account of FIDE.
Each bid shall also contain the following particulars:
a) Proposed exact dates of the event between 26 November and 11 December 2008.
b) Proposed tournament venue.
c) Proposed prize fund.
d) Commitment to cover all organisation costs, in accordance with the match
regulations.
e) Special rates for hotel rooms, including meals.
f) A statement that the applicant accepts the regulations of the Match without
any reservations.
g) The applicant's name, signatures and authentication.
h) An invitation for at least one member of the World Chess Championship Committee
to inspect the proposed
venue and examine the other conditions, with all expenses paid by the bidder.
No bidder can propose a sponsor which shall be in conflict with the regulations
of the International Olympic
Committee (IOC).
The bids, including all original documents and particulars, shall arrive by
registered post to the FIDE Secretariat in
Athens, Greece by the deadline of 11 April 2008.
