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HomeChess NewsNiemann Secures Funding for $4 Million Buy-In Tournament; Event Likely to Proceed

Niemann Secures Funding for $4 Million Buy-In Tournament; Event Likely to Proceed

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Hans Niemann Secures Funds for $4 Million Buy-In Tournament with Caruana, Abdusattorov, and Nepomniachtchi

Chess enthusiasts around the world are buzzing with excitement as GM Hans Niemann announced that he has secured the necessary funds to participate in the highly anticipated $4 million buy-in tournament. Joining him in this high-stakes event are fellow GMs Nodirbek Abdusattorov, Fabiano Caruana, and Ian Nepomniachtchi.

The tournament, scheduled for November 21, 2024, in Dusseldorf, Germany, will feature a unique format of a double round-robin among the four players, with six rounds of rapid games. Each player is required to bring $1 million to the table, with the winner walking away with a staggering $2 million prize.

Organizer Wadim Rosenstein, who confirmed the secured funds for all four players, expressed his excitement for the event. This remarkable tournament came to fruition after a conversation between Niemann and Rosenstein on social media, showcasing the power of online connections in the chess world.

With the tournament now looking more likely to take place, chess fans can look forward to witnessing an intense battle of skill and strategy among some of the top players in the world. Stay tuned for more updates on this exciting event as the chess world gears up for a thrilling competition.

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