World Chess PLC - London-based chess promotor - Announces plans to launch the World Chess Tour in 2025. The World Chess Tour will feature weekly online tournaments, six to eight open tournaments in major global cities, two Grand Slam events and a year-end Championship. World Chess says it aims to provide financial incentives on par with the top sporting global events, with prize funds expected to reach up to $700,000 for the championship.
‘The WCT has been designed to revolutionise competitive chess by providing an annual structured, high-profile series of events where players can compete for prestigious titles, major prize pools, and global recognition,’ says World Chess.
‘It’s about time chess reached a permanent position among major sports. For the first time, the sport will have a structured tour with short, thrilling formats and major prizes, accessible to both elite players and aspiring talents. Our aim is that chess will have its own version of the ATP Tour,’ adds Chief Executive Officer Ilya Merenzon.
World Chess PLC floated back in April of last year. The company aims to promote ‘the global mass market appeal of chess’.
Current stock price: 5.00 pence, up 51% in London on Wednesday morning
12-month change: down 44%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
