Date: 4 weeks ago   Category: Sport

The co-owner of TechnoNIKOL bought a share in the organizer of chess tournaments — Rambler News Service


The Russian businessman Igor Rybakov got a share in the World Chess company organizing chess tournaments, the company reports. "The co-owner of TechnoNIKOL Igor Rybakov together with Prytek group of companies which specializes in investments into the hi-tech companies and their distributions on the world made investments in the World Chess company which is the commercial partner of FIDE. The amount of investments was $6 million" — it is said in the statement of World Chess. Other terms of transaction are not disclosed, however the president of the company Ilya Merenzon told RNS that the businessman received a minority share. "Less than 25% are about a share" — Merenzon told, having refused to disclose transaction details because of the contract on confidentiality. The World Chess company has exclusive rights on the organization of tournaments of FIDE till 2022 with an extension option till 2032.

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