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Sunday, December 6, 2015

FIDE President Is Out Until US Treasury Sanctions Against Him Are Lifted

Smart move by FIDE. Without it they risk entangling FIDE's financial affairs in the UST sanction process. Still, a lawyer chess friend and I were chatting by phone yesterday (he's also a former USCF member with some familiarity of FIDE issues). He raised an interesting question. Does Kirsan have a financial interest in Agon, ,the company with the exclusive promotional contract with FIDE? If so, there could be further problems with the FIDE WCC being held in the US. 

And of course, those here in the USA who have been close to Kirsan in the past, should be very careful having any contact with him and should certainly consult counsel before engaging in any business dealings with him, chess related or not.


http://www.telegraph.co.uk/news/worldnews/europe/russia/12035992/Chess-world-plunged-into-crisis-as-FIDE-president-withdraws-to-fight-Syria-allegations.html

http://tass.ru/en/sport/841894

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