NEW DELHI: The All India Chess Federation (AICF), which is bidding to host the 44th edition of the Chess Olympiad later this year, has reportedly submitted its guarantee of $10 million to the world body, FIDE.
“Yeah, we have submitted the guarantee for the bid amount of $10 million to FIDE as part of our bid to host the Chess Olympiad,” AICF secretary Bharat Singh Chauhan told PTI on Wednesday.
The Olympiad was moved out of Russia after it invaded Ukraine on February 24. FIDE decided to open the bids after Russia began the military operations against Ukraine.
Chauhan had earlier said that the AICF would be bidding for the Olympiad this year. The budget for the event would be $10 million (about Rs 75 crore), Chauhan had said.
The Chess Olympiad is a biennial team event in which teams from some 190 countries compete for honours over a two-week period.
The Chess Olympiad 2022 was supposed to take place in Moscow from July 26 to August 8.
