Create unforgettable events out of great competitions:

UEP makes bid for World Championship 2011

In conjunction with the ongoing discussion concerning the future of the World Chess Championships UEP makes the following statement:

UEP made a proposal for the organisation of the forthcoming World Championship cycle. According to FIDE, UEP is the exclusive applicant for the Candidates event in 2010 and the World Championship Match in 2011.

For the Candidates tournament, which will take place with eight players in September 2010, UEP guarantees a prize fund of 650.000 Euros inclusive all licence fees and after tax. The net prize money for the players is 430.000 Euros. UEP favours for this event a classical match format. In the quarter and semi-finals there shall be four games plus possible tiebreaks. In the concluding Candidates final six games are planned with a possible tiebreak.

The winner of the Candidate Matches will compete against the current World Champion in September 2011. UEP has also made a bid for this event and proposes a prize fund of 1.500.000 Euros inclusive all licence fees and after tax.

In consideration of the well-known standards and high quality of UEP events, the entire bid totals an amount of 3.5 to 4 million Euros inclusive all costs for the whole package.

„In principle the organisation of the events could take place anywhere in the world” says UEP President Josef Resch. The decisions about the venues will be made at a later date. „We will of course first hold talks with our partners, who contributed to the outstanding success of the World Championship in Bonn in 2008″, adds Resch.

Prior to all these decisions there will be negotiations with the World Chess Federation FIDE during the next weeks. Carsten Hensel says: “We are waiting for the written confirmation of our bid from the World Chess Federation. Thereafter we should discuss the details of a contract.” Hensel, who was the manager of the ex-world champion Vladimir Kramnik for many years has been consultant to UEP since the 1st of January 2009.

Posted by Picasa
Chess Daily News from Susan Polgar
Tags: ,