FIDE have announced they have accepted a bid to host the 2014 World Championship Match in Sochi, Russia. Sochi was of course the venue for the 2014 Winter Olympics, so I assume they will have plenty of venues to host the event (in the same way that Turin held the 2006 Olympiad). The FIDE announcement stated that the budget for the match is $3,000,000, although how much of that will be prize money is not stated.
There had been rumours of a possible last minute bid from Norway, but this seems not have materialised. The other interesting issue from this bid concerns the upcoming FIDE elections. If Kasparov manages to unseat Ilyumzhinov, will the FIDE President be able to travel to the city hosting the FIDE World Championship Match?
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