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News Release: Contracts and Comments

This is an historic day, as for the first time in 20 years of FIDE elections a campaign team is following the principle of transparency by making public two contracts: The first, between Garry Kasparov and Ignatius Leong, and the second, between the Kasparov Chess Foundation and the Kasparov Chess Foundation Asia-Pacific.

The first contract, signed on the 5th of September, 2013, deviates on at least one significant point from the draft that was stolen and published. The funds described in paragraph 3.1 as $500K is in the end incorporated into paragraph 4.1. All this money is to be spent for chess programs in the Asia-Pacific region.

In order to regulate the proper expenditure of funds, a separate agreement between KCF and KCF-AP was signed on the 31st of October. This contract describes the terms of expenditure and accountability of the funds.

Paragraph 2 of the aforementioned agreement specifically prohibits money being paid out to individuals outside of the scope of the agreement itself.

IA, IO Morten Sand, Attorney at Law
24 January, 2014

 

PDF files for download:

See also: Jan 20 statement by Morten Sand and Jan 24 statement by Garry Kasparov

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