The remainder of 2011 is jam-packed with great women's chess events:
Panamerican Women's Championship, Guayaquil, Ecuador, 12 Jun 2011 - 18 Jun 2011
1st Hangzhou Women International 2011, Hangzhou, China, 31 Jul 2011 - 11 Aug 2011
World Junior Girls 2011, Chennai, India, 1 Aug 2011 - 16 Aug 2011
Women's FIDE Grand Prix Series Rostov, Russia 1-Aug-2011 15-Aug-2011
Women's FIDE Grand Prix Series Shenzhen, China 6-Sep-2011 20-Sep-2011
European Club Cup 2011 for Men and Women, Rogaska Slatina, Slovenia, 24 Sep 2011 - 2 Oct 2011
Women's FIDE Grand Prix Series Nalchik, Russia 8-Oct-2011 23-Oct-2011
Women's World Championship Match 2011 10-Nov-2011 5-Dec-2011
Women's World Team Championship 2011 Mardin, Turkey 18-Dec-2011 28-Dec-2011
So, the Women's World Championship Match is on the calendar - but no city listed to host it. Hmmmm. The deadline for submitting bids is May 31, 2011 (in my time zone). Will FIDE surprise us by announcing an accepted bid?
Some items of interest from the Official Regulations for the Match:
13. Prize Fund
13.1 The prize fund of the match, provided by the organizer, should be a minimum of 300,000 (three
hundred thousand) euros, net of any applicable local taxes. The prize fund will be divided 60% for the
winner and 40% to the loser if the FWWCM ends within the 10 regular games. In case the winner is decided by tie-break games, the winner shall receive 55% and the loser 45%.
13.2 The organizer shall pay to FIDE an amount of 20% over and above the total prize fund, net of any
applicable local taxes.
13.3 If the match is played in the country of one of the players, then the opponent shall receive 5%
from the Prize Fund. The balance of the Prize Fund shall then be shared in accordance to Article 13.1
above.
13.4 Before the start of the FWWCM, the players shall each receive 50,000 (fifty thousand) euros in
accordance to the terms of the contract to be signed with FIDE. This amount shall be deducted from the
Prize Fund. The balance of their share of the Prize Fund shall be remitted to the players within ten days
after the completion of the FWWCM.
14. Other expenses
14.1 The organizer shall pay to FIDE an additional 5% over and above the prize fund, net of any local
taxes, to receive the commercial rights (does not include live broadcast of the event or the games).
14.2 The organizer shall pay to FIDE an additional 15,000 (fifteen thousand) euros over and above the
prize fund, net of any applicable taxes, for the budget of the FIDE Commission for World Championships and Olympiads. This budget includes all expenses of FIDE concerning inspections,
meetings with the Organizer, stipend of FIDE Supervisor (where appointed), other meetings of the
WCOC, etc.
14.3 If required by FIDE, the organizer will provide an electronic device to block all mobile signals
around the playing area of the FWWCM. The total cost should be included in the budget of the
organizer and will not exceed the amount of 8,000 (eight thousand) euros.
14.4 If the FWWCM is played in the country of one of the players, the organizer shall provide an
amount of 3,000 euros to the opponent as compensation for transportation and hospitality for inspection
visits.
14.5 The stipends to be paid to the FIDE Principals of the FWWCM are (in euros):
Chairman of Appeals Committee: 7,500
Two members of Appeals Committee: 9,000 (4,500 euros each)
Chief Arbiter: 6,000
Deputy Arbiter: 4,000
Press Officer: 4,000
FIDE Medical Commission: 2,000
I come up with a "maximum" total of 415,500 Euros - net of taxes, which presumably the organizer(s) would have to pay out of their own pockets either directly to the taxing authorities, since turning the additional "tax money" over to the players would in no way guarantee that the funds would subsequently be used to pay the requisite taxes. Hmmmm, wonder what the potential tax liability would be? Another 100,000 Euros or so (using 20% as a tax rate)? More?
FIDE is nuts!
Panamerican Women's Championship, Guayaquil, Ecuador, 12 Jun 2011 - 18 Jun 2011
1st Hangzhou Women International 2011, Hangzhou, China, 31 Jul 2011 - 11 Aug 2011
World Junior Girls 2011, Chennai, India, 1 Aug 2011 - 16 Aug 2011
Women's FIDE Grand Prix Series Rostov, Russia 1-Aug-2011 15-Aug-2011
Women's FIDE Grand Prix Series Shenzhen, China 6-Sep-2011 20-Sep-2011
European Club Cup 2011 for Men and Women, Rogaska Slatina, Slovenia, 24 Sep 2011 - 2 Oct 2011
Women's FIDE Grand Prix Series Nalchik, Russia 8-Oct-2011 23-Oct-2011
Women's World Championship Match 2011 10-Nov-2011 5-Dec-2011
Women's World Team Championship 2011 Mardin, Turkey 18-Dec-2011 28-Dec-2011
So, the Women's World Championship Match is on the calendar - but no city listed to host it. Hmmmm. The deadline for submitting bids is May 31, 2011 (in my time zone). Will FIDE surprise us by announcing an accepted bid?
Some items of interest from the Official Regulations for the Match:
13. Prize Fund
13.1 The prize fund of the match, provided by the organizer, should be a minimum of 300,000 (three
hundred thousand) euros, net of any applicable local taxes. The prize fund will be divided 60% for the
winner and 40% to the loser if the FWWCM ends within the 10 regular games. In case the winner is decided by tie-break games, the winner shall receive 55% and the loser 45%.
13.2 The organizer shall pay to FIDE an amount of 20% over and above the total prize fund, net of any
applicable local taxes.
13.3 If the match is played in the country of one of the players, then the opponent shall receive 5%
from the Prize Fund. The balance of the Prize Fund shall then be shared in accordance to Article 13.1
above.
13.4 Before the start of the FWWCM, the players shall each receive 50,000 (fifty thousand) euros in
accordance to the terms of the contract to be signed with FIDE. This amount shall be deducted from the
Prize Fund. The balance of their share of the Prize Fund shall be remitted to the players within ten days
after the completion of the FWWCM.
14. Other expenses
14.1 The organizer shall pay to FIDE an additional 5% over and above the prize fund, net of any local
taxes, to receive the commercial rights (does not include live broadcast of the event or the games).
14.2 The organizer shall pay to FIDE an additional 15,000 (fifteen thousand) euros over and above the
prize fund, net of any applicable taxes, for the budget of the FIDE Commission for World Championships and Olympiads. This budget includes all expenses of FIDE concerning inspections,
meetings with the Organizer, stipend of FIDE Supervisor (where appointed), other meetings of the
WCOC, etc.
14.3 If required by FIDE, the organizer will provide an electronic device to block all mobile signals
around the playing area of the FWWCM. The total cost should be included in the budget of the
organizer and will not exceed the amount of 8,000 (eight thousand) euros.
14.4 If the FWWCM is played in the country of one of the players, the organizer shall provide an
amount of 3,000 euros to the opponent as compensation for transportation and hospitality for inspection
visits.
14.5 The stipends to be paid to the FIDE Principals of the FWWCM are (in euros):
Chairman of Appeals Committee: 7,500
Two members of Appeals Committee: 9,000 (4,500 euros each)
Chief Arbiter: 6,000
Deputy Arbiter: 4,000
Press Officer: 4,000
FIDE Medical Commission: 2,000
I come up with a "maximum" total of 415,500 Euros - net of taxes, which presumably the organizer(s) would have to pay out of their own pockets either directly to the taxing authorities, since turning the additional "tax money" over to the players would in no way guarantee that the funds would subsequently be used to pay the requisite taxes. Hmmmm, wonder what the potential tax liability would be? Another 100,000 Euros or so (using 20% as a tax rate)? More?
FIDE is nuts!
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