FIDE has produced their budget for 2019

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  • FIDE has produced their budget for 2019

    Very ambitious indeed! The new Prez must know something we don't...the proposal is to reduce fees to Federations etc substantially (up to 40%) but FIDE expects sponsorship to go from $525.000 to 5 million...in 1 year...it takes connections...and I assume that if he has them...it will come to pass...if not...then FIDE will be in the red.

    Personally...I would have left fees to Federations as they are...get the sponsorship...and if all goes well...reduce the fees to Federations in 2020. But as some have been known to say...Larry you are sooo conservative :)

    Here is the proposed FIDE budget for 2019:

    http://fide.com/images/stories/NEWS_...IDE_Budget.pdf

    Larry
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