Magnus Carlsen raises $12 million for Freestyle Chess Grand Slam
28/07/2024 - Magnus Carlsen and Jan Henric Buettner announced on Thursday 25th July that they have raised US$ 12 Million in funding from VC Left Lane Capital. The new tournament series will showcase world's best players with compelling stories, in a completely new and attractive format for media, spectators, and consumers which aims to revolutionise the world of chess. The participants will be from the 25 Super Grand Masters part of Freestyle Chess Players Club all have an Elo rating of above 2725. The prize fund that will be distributed among the players will be $750000 for the first three events and then $1 Million for every tournament thereafter. Check the Press Release for more details. Photo: Freestyle Chess