All India Chess Federation submits guarantee of USD 10 million to host Olympiad | Other Sports News

The All India Chess Federation (AICF), which will be mandated to host the 44th edition of the Chess Olympiad later this year, has submitted its certificates of USD 10 million to the global body, FIDE. “Yes, we have submitted a proposal for an estimated cost of USD 10 million to FIDE as part of our bid to host Chess Olympiad,” AICF Secretary Bharat Singh Chauhan told PTI on Thursday (March 2).

Olympiad was launched in Russia after invading neighboring Ukraine on February 24. FIDE decided to open bids after Russia began military operations in Ukraine. It has already been announced that the AICF will launch for the Olympiad this year. The budget for the event will be USD 10 million (about Rs 75 crore), Chauhan said.

Chess Olympiad is a two-year event in which teams from some 190 countries compete for honors over a two-week period. Chess Olympiad 2022 should be held in Moscow from July 26 to August 8. But FIDE (International Chess Federation) decided to host the Olympiad and all other official competitions planned from Russia following the national attack. Ukraine.

Other events that have left Russia are the first Olympiad chess for People with Disabilities and the 93rd FIDE Congress. FIDE is said to be already working on finding other dates and conditions for these events.

If India wins the bid to host the Olympiad, it will be the second major world event to be held in the country after the 2013 World Championship between Viswanathan Anand and Magnus Carlsen, currently No.1 world.

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