FIDE launches budget to support chess veterans

Baku, April 24, AZERTAC

Following a decision of the 4th Presidential Board meeting 2018, the International Chess Federation has announced the continuation of its support to chess veterans with an exceptional budget of an annual total of 50,000 euros, according to the official website of FIDE.

From this fund, 30,000 will be allocated to increase the prize funds in this year's Individual World Seniors Championships 50+ and 65+ (open and women). The remaining 20,000 will go to individual nominees: anyone over 65 years old, who has contributed to the development of chess and who is in an unstable financial situation, is entitled to receive this support.

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