Short news

Grenke and Noppes leave

The future of the biggest German chess sponsorship GRENKE is in huge doubt after an announcement that founder Wolfgang Grenke will leave the supervisory board on 29 July and Sven Noppes will be replaced at the helm of Grenke Bank before the end of the year. Noppes managed the Bundesliga teams of Baden-Baden and Deizisau as well as the Grenke Classic and Open, which was Europe’s biggest chess festival until 2019. The company had come under fire from shortsellers who brought attention to deficits in the bank’s control mechanisms.