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Wednesday, March 30, 2016

World Chess Championship In NYC This November?

Perhaps. Still no announcement of the venue in NYC for the WC or who the sponsors are or will be. Will Agon do business in the US? Perhaps we should take a look down memory lane regarding Agon's history with conflicting details as to who actually has ownership of Agon. Why is this an important issue? Because there is evidence to suggest that Agon might have a principal owner or benificial party who is presently subject to US Dept. of the Treasury sanctions, to wit, Kirsan Ilyumzhinov. The history, with documentation, of Agon's founding was laid out a little more than two years ago by chess.com (link below)

Despite explanations from Ilyumzhinov and Paulson, signatories to the contract with Agon and Ilyumzhinov, stating that this contract was superseded by some other contract, it simply isn't clear what, if any, interest Ilyumzhinov has in the company organizing the WC in 2016. This is a not insignificant issue for business entities in the US that might want to sponsor the WC or enter into a site leasing agreement for the event. If Ilyumzhinov is an interested party in Agon (or any of it's possible off-shore affiliates/subsidiaries) US citizens/companies doing business with Agon in NYC could well be subject to criminal sanctions. 

I suggest it is more likely the 2016 WC will be held in Moscow or Sochi than NYC. I do hope it is held in NYC as it will be fun to visit, but I'm not making reservations just yet.


https://www.chess.com/news/deal-between-paulson--ilymzhinov-revealed-in-yet-another-leaked-document-6252

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