Bids for the WCC Challengers Match Kamsky - Topalov 2008
Athens, 11 February 2008
BIDS FOR THE WCC CHALLENGERS MATCH KAMSKY - TOPALOV 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.
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Released by the FIDE Secretariat - 11 February 2008
