Baku, December 7, AZERTAC
The general assembly of the International Chess Federation (FIDE) on Sunday approved Budapest’s bid to host the 2024 Chess Olympiad, a chess tournament for national teams from around the world, according to Hungarian MTI news agency.
The assembly supported the bid with a vote of 110 for and 1 abstention.
The Hungarian capital will host the Chess Olympiad, the world’s fifth-largest sporting event, on FIDE’s centennial. It is expected to draw some 3,500 participants.
Documentation for the bid puts the provisional event budget at 16,647,000 euros, including 9,001,000 for event services and operations as well as the hosting fee. Hungary has never officially hosted a Chess Olympiad before.