Tuesday, April 4, 2017

Sovereign Chess Fund


Kirsan Fund. Ilyumzhinov set up a charitable foundation in the United States, and announces two more ones, for a total investment of $30 million dollars. For further details, see http://chess-news.ru/node/22947.

FIDE President Kirsan Nikolayevich Ilyumzhinov, in spite of being blacklisted by the U.S. Treasury Department, and although the betrayal of his closest co-workers in FIDE, announces his having been able to set up a charitable foundation in the United States (“Kirsan Fund”), and that he’s planning to set up two more ones in Brussels, Belgium and Seoul, South Korea. He will invest $10 million dollars in each of the three foundations, in order to make chess (all over the world) great as ever before. With or without FIDE.

Ilyumzhinov’s letter dated April 4, 2017
Photo: kirsan.today

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