Editing FIDE (section)

====Commercial agreement with Agon and World Chess==== <!-- [[World Chess]] redirects here -->

In 2012 FIDE entered into a commercial agreement, initially planned to last until 2021, with the company Agon Limited. This company was given rights to organize and commercially exploit the [[World Chess Championship]] and the associated events in the World Championship cycle.<ref name="fide-contract">{{cite web| url = https://www.fide.com/images/stories/NEWS_2012/Congress/Annex_11_-_Agreement_between_FIDE_and_Agon.pdf| title = FIDE–Agon Agreement, Annex 11, FIDE General Assembly 2012| archive-url = https://web.archive.org/web/20160420203603/https://www.fide.com/images/stories/NEWS_2012/Congress/Annex_11_-_Agreement_between_FIDE_and_Agon.pdf| archive-date = April 20, 2016 | url-status = live}}</ref> The first tournament it organized was the London [[FIDE Grand Prix 2012–13|FIDE Grand Prix]] event in September 2012,<ref name="interview">{{Cite web|url=https://www.chess.com/news/view/an-interview-with-ilya-merenzon-organizer-of-anand-carlsen-4530|title=An Interview With Ilya Merenzon, Organizer of Carlsen-Anand|first=Peter|last=Doggers (PeterDoggers)|website=Chess.com|date=December 2014 }}</ref> followed by the London [[Candidates Tournament]] in March 2013,<ref>{{Cite web|url=http://chennai2013.fide.com/anand-carlsen-chennai-2013/|archive-url=https://web.archive.org/web/20130926064532/http://chennai2013.fide.com/anand-carlsen-chennai-2013/|url-status=dead|archive-date=September 26, 2013|title=» Anand – Carlsen, Chennai 2013|website=chennai2013.fide.com}}</ref> and the Chennai [[World Chess Championship]] in November 2013.<ref>{{Cite web|url=https://www.fide.com/component/content/article/1-fide-news/7045-world-championship-match-press-release.html|title=International Chess Federation – FIDE|website=www.fide.com|access-date=January 10, 2020|archive-date=September 6, 2019|archive-url=https://web.archive.org/web/20190906234741/https://www.fide.com/component/content/article/1-fide-news/7045-world-championship-match-press-release.html|url-status=dead}}</ref>

Agon subsequently organized the four events in the [[FIDE Grand Prix 2014–15]],<ref>{{Cite web|url=http://www.fide.com/FIDE/handbook/FIDE_GP_Regulations_2014_2015.pdf |archive-url=https://web.archive.org/web/20140912013630/http://www.fide.com/FIDE/handbook/FIDE_GP_Regulations_2014_2015.pdf |archive-date=2014-09-12 |url-status=live|title=FIDE Grand Prix 2014–15 Regulations}}</ref> the [[Candidates Tournament]] in 2014,<ref>{{cite web |url = http://www.fide.com/FIDE/handbook/regscandidates2014.pdf |title = 2014 Candidates Regulations, Section 4.8 |archive-url=https://web.archive.org/web/20131023222840/http://www.fide.com/FIDE/handbook/regscandidates2014.pdf |archive-date=23 October 2013 |url-status=dead}}</ref> and the [[World Chess Championship]] in 2014.<ref>{{Cite web |url=http://www.sochi2014.fide.com/organizers |title=Sochi 2014 Organizers |access-date=November 28, 2015 |archive-url=https://web.archive.org/web/20151208232107/http://www.sochi2014.fide.com/organizers |archive-date=December 8, 2015 |url-status=dead |df=mdy-all }}</ref>

Agon had been founded in 2012 in [[Jersey]] by [[Andrew Paulson]] as the sole shareholder.<ref>{{Cite web|url=http://graphics8.nytimes.com/packages/pdf/world/2012/2014/Agoncorporaterecords.pdf |archive-url=https://web.archive.org/web/20140801105647/http://graphics8.nytimes.com/packages/pdf/world/2012/2014/Agoncorporaterecords.pdf |archive-date=2014-08-01 |url-status=live|title=Agon Corporate Records}}</ref> On February 20, 2012, an agreement between Agon and FIDE was made, subject to approval by the 2012 FIDE General Assembly.<ref name="fide-contract"/> This approval was forthcoming in September 2012.<ref>{{Cite web|url=https://www.fide.com/images/stories/NEWS_2012/Congress/Minutes_of_FIDE_General_Assembly_2012.pdf|title=Minutes of 2012 FIDE General Assembly, Section 4.3|archive-url=https://web.archive.org/web/20190623130645/https://www.fide.com/images/stories/NEWS_2012/Congress/Minutes_of_FIDE_General_Assembly_2012.pdf|archive-date=June 23, 2019|url-status=live}}</ref> In October 2014, Agon was sold to its current CEO [[Ilya Merenzon]] for the sum of one pound.<ref name="interview" /> At the September 2016 FIDE General Assembly, it was resolved that Agon should institute a corporate presence in a locale with more transparency. Merenzon said that they would register in the United Kingdom within a few months.<ref>[https://www.fide.com/images/stories/NEWS_2016/FIDE_News/GA_Agenda_2016/2016_General_Assembly_Minutes_Baku.pdf 2016 FIDE General Assembly Minutes] {{webarchive |url=https://web.archive.org/web/20170714134208/https://www.fide.com/images/stories/NEWS_2016/FIDE_News/GA_Agenda_2016/2016_General_Assembly_Minutes_Baku.pdf |date=July 14, 2017 }} Section 4.2, page 19</ref> As a result, a new company, World Chess Limited, was registered shortly after, replacing Agon as the rights holder in the agreement with FIDE.