Chess

UEP Bid Confirmed

UEP make bid for Candidates 2010 and World Championship 2011

6th February 2009

We hinted on this possibility back in December and now FIDE Press Release confirms it – UEP is bidding on both candidate tournament and 2011 World Championship match. FIDE announcement bellow:

Today FIDE has finalised the bid procedure for the Candidates 2010 and World Championship Match 2011 and is pleased to announce that it has received an offer from Universal Event Promotion GmbH to organise the Candidates.

The main elements of the offer are as follows :

UEP is ready, firstly, to organize an 8-player Candidate event:

• The event shall commence in September 2010

• UEP intends to organise the event in Bonn, Germany.

• UEP prefers a format of knock-out matches,

• UEP is not fixed on knock-out format but ready to discuss a different one with the FIDE World Championship Cycle Committee

• UEP guarantees a prize fund of 430,000 euros free of any applicable taxes.

Secondly, UEP have offered to host the World Championship match in September 2011 between the winner of the 2010 Candidates event and the current World Champion.

• UEP intends to organise the event in Bonn, Germany.

• UEP guarantees a prize fund of 1,000,000 euros free of any applicable taxes.

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