3c. Athens Madurai. Cat B. Final profit 22 lakhs in 4 days.

Athens of East, Madurai tournament. Category B.  

TRUTH  :  950 of 1000 chess players do not earn Rs 1000 in 1000 days 

Entry fee Rs 6000                                                        Last update : 14 January, 2025


https://chess-results.com/tnr1048008.aspx?lan=1&zeilen=99999

Category B






Number of entries 655. Rs 6000 x 655 players = 39 Lakhs 30 thousand.

Total prize fund for Category B : 12 Lakhs

Remaining : 27 lakhs 30 thousand.

FIDE fee is Rs 20,000 for 150 players

Each player after 150 players Rs 100 per player. 450 x Rs 100 = Rs 45,000. 

So Rs 20,000 + Rs 45,000 = Rs 65,000

AICF = 10% of total prize fund ????? 12 Lakhs 10% is 1 Lakh 20,0000 (1 Lakh twenty thousand) ?????

So FIDE and AICF fee is Rs 65,000 + 1 Lakhs 20,000 = 1 Lakh 85 thousand. 

AICF gets double the money than FIDE for FIDE Rated tournament ??

...................

Total prize fund for Category B is 12 Lakhs

Money to FIDE and AICF is 1 lakh 85,000.

Building rental, chairs, tables, arbiters, drinking water, lunch etc = 3 Lakhs at the most

Total approximate expenditure is 17 Lakhs. 

....................................

Total collection. 39 Lakhs 30 thousand.  Rs 6000 x 655 players. 

Final profit. 22 Lakhs in 4 days. 

https://chess-results.com/tnr1048008.aspx?lan=1&zeilen=99999

22, December screenshots. 2 days before tournament on 24th Dec.






FINAL PROFIT IS 22 LAKHS IN 4 DAYS ??????


No comments:

Post a Comment

Chess players "UNITED" by chess passion

Reference page for better legal rights SOCIETIES REGISTRATION ACT ..... Rs 500 for Regn https://salem-players-chess-association.blogspot.com...