Chess: World Cup organizers plan to go public thanks to The Queen’s Gambit

The organization that manages some of the top tournaments in chess working on his entrance to London Stock Exchange. Its goal is to capitalize on the rapidly growing interest in the game. So much for the grandmaster’s resonance Magnus Carlsen, but also the success of his series Netflix, The Queen’s Gambit with the Ania Taylor-Joy in its role Beth Harmon.

THE World Chess, the company that “runs” the major tournaments of the sport and more specifically the World Championship, hired specialized consultants at London in order to present a plan in order to proceed with the introduction to Stock exchange. Such plans had been made years ago, but there was not much response. This, however, has changed due to the high profile of chess. A final decision is expected in the coming weeks, according to the British television network Sky News.

In recent months, rumors have been circulating that various investment funds are interested in investing in chess and taking advantage of its growing popularity. Similar moves were made with the entry of the investment fund CVC Capital Partners in rugby tournaments, but also in volleyball.

THE World Chess was founded in 2012 to take advantage of chess through television rights and tournament management, service concessions and commercial rights. The rise of the Norwegian grandmaster, Magnus Carlsen, clearly helped in the greater penetration of chess in the younger audience both with his presence on social media, but also with the documentary about his life five years ago. THE Ilia Merenzon, co-founder World Chess, recently stated that the entertainment industry can become the vehicle for the development of the sport and make it even more massive and not be on the sidelines.