Short news

Chessable and chess24 sponsor FIDE

The Play Magnus Group has signed a 5-year-contract with FIDE. The size of the deal with effect from the Candidates Tournament that starts this Monday isn’t disclosed but well in the seven figures. While Chessable is now an official sponsor of the World Championship Cycle, Chess Olympiad and World Blitz and Rapid Championship, chess24 becomes broadcasting partner for the same events. Chessable has also pledged to give $150,000 annually into a newly created FIDE Chessable Youth Development Fund.