The current situation in the world where Russia invading Ukraine has led to FIDE taking a decision to not host the World Chess Olympiad 2022 in Moscow. The Olympiad is the biggest chess spectacle in the world with more than 190 countries participating in it.
With just 5 months to go it seemed difficult to organize the event.
However, India has come forward and the All India Chess Federation has made a bid organize the Olympiad 2022 in the country. The total cost of hosting the event would be close to 75 crores (10 million USD).
However, AICF is confident that this can be pulled off, with two cities already having shown interest to fund and host the event.