FIDE Confirms Chennai
On the FIDE website appears a signed contract which says:
Federation International Des Echecs
Memorandum of Understanding
Which was signed in Chennai, India on April 19th, 2013 between the World Chess Federation (FIDE)
And the Indian Chess Federation (AICF) and Tamil Nadu State Chess Association, hereby described as the Organizer, in respect of the 2013 FIDE World Championship Match:
1. The organizer will be responsible for holding the match in Chennai, India on the dates 06/11/2013 – 26/11/2013 and according letter No. -529/s2/2013 dated 09/04/2013.
2. The match will be organized according the Rules and Regulation For the FIDE World Championship Match (FWCF) 2013 which can be found in FIDE website.
3. FIDE will send a draft contract and the parties will sign the contract within 7 days from the day the draft is received by AICF.
4. The organizer’s direct financial obligations, above his other obligations are:
$ 2,550,000 According Article 13 and AICF relevant letter to FIDE
$ 510,000 According Article 13.2
$ 255,000 According Article 14.1 and 14.2
$ 42,250 According Article 14.5 (Converted to USD)
$ 10,000 According Article 15.2.1 + 15.4 (Estimated)
$3,367,250 USD
4.1 – 50% of the above amount will be transferred to FIDE account, as appears in the Regulation by May 20th 2013
4.2 – 50% of the above amount will be transferred to FIDE account as appears in Regulations by August 31st 2013.
FIDE Representative, Vice President and WCC Member Israel Gelfer
AICF Honorary Secretary Bharat Singh
Tamil Nadu State Chess Assocation General Secretary V. Hariharan
http://www.fide.com/component/conten...tch-2013-.html
On the FIDE website appears a signed contract which says:
Federation International Des Echecs
Memorandum of Understanding
Which was signed in Chennai, India on April 19th, 2013 between the World Chess Federation (FIDE)
And the Indian Chess Federation (AICF) and Tamil Nadu State Chess Association, hereby described as the Organizer, in respect of the 2013 FIDE World Championship Match:
1. The organizer will be responsible for holding the match in Chennai, India on the dates 06/11/2013 – 26/11/2013 and according letter No. -529/s2/2013 dated 09/04/2013.
2. The match will be organized according the Rules and Regulation For the FIDE World Championship Match (FWCF) 2013 which can be found in FIDE website.
3. FIDE will send a draft contract and the parties will sign the contract within 7 days from the day the draft is received by AICF.
4. The organizer’s direct financial obligations, above his other obligations are:
$ 2,550,000 According Article 13 and AICF relevant letter to FIDE
$ 510,000 According Article 13.2
$ 255,000 According Article 14.1 and 14.2
$ 42,250 According Article 14.5 (Converted to USD)
$ 10,000 According Article 15.2.1 + 15.4 (Estimated)
$3,367,250 USD
4.1 – 50% of the above amount will be transferred to FIDE account, as appears in the Regulation by May 20th 2013
4.2 – 50% of the above amount will be transferred to FIDE account as appears in Regulations by August 31st 2013.
FIDE Representative, Vice President and WCC Member Israel Gelfer
AICF Honorary Secretary Bharat Singh
Tamil Nadu State Chess Assocation General Secretary V. Hariharan
http://www.fide.com/component/conten...tch-2013-.html
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