// IP Marketing video - START// IP Marketing video - END

FIDE sets minimum prize funds for European championships

FIDE sets minimum prize funds for European championships

PanARMENIAN.Net - The President of ACP GM Emil Sutovsky shared some of the key decisions reached by FIDE at the last Presidential Board in Elista on the air of Chess-News radio.

In particular, according to Sutovsky, FIDE set the minimum prize funds for the continental competitions, chess-news.ru reports.

"I prepared statistics of the prize funds that European championships used to have, showing how they gradually declined coming down to the fact that this year the players were paid a little bit more than €80,000 after deduction. FIDE considered that doesn't correspond to the level of the Continental championship, so it has reached an agreement stating that from 2014 the minimum prize fund, including taxes, should be no less than 150 thousand euros for men championship and 100 thousand euros for women's one."

The Grandmaster added that the requirements for other Continental championships will be developed separately.

 Top stories
Raiola told German newspaper Bild he is happy to fight for what his client wants, which is to play under Jose Mourinho next season.
“Such an offer to join Manchester United might only come once in a lifetime for a player,” Mkhitaryan’s agent Mino Raiola said.
Due to the temporary disqualification, the athlete can’t participate in tournaments, also set to miss the Rio Olympics in August.
"I am a positive guy. If I wasn't confident of reaching some kind of conclusion, I wouldn't try," the agent of Henrikh Mkhitaryan said.
Partner news