GM Maurice Ashley has quelled the suspense surrounding the Millionaire Chess Open by posting the shortest, but most authoritative announcement. After the announcement of the initial 65 players registered by March 31, there was some speculation to whether the tournament would happen. In his letter to the public Ashley stated that,
For us, that moment will be Monday morning, April 7, when we will announce our final decision to the public. Will Millionaire Chess take flight or be left in the hangar to sit idly by? Should we leave this battle to others as chess continues to struggle for relevance in a bleak American landscape? Is this all worth the risk?
That question has been answered and certainly a follow-up is forthcoming. The Chess Drum will be contacting Millionaire Chess for further details. Amy Lee has just released a statement on why the Millionaire Chess organization has decided to move forth.
The Millionaire Chess Open may be seen as “just” a tournament, but there’s a business side to it and, despite all odds, I still believe there’s enormous potential to be tapped. I view this as an exciting new venture, and I know I am in it for the long term. My ambition is way beyond one Open Tournament a year, and my target area is not just the USA. I consider the money I put in as a long term investment in an enterprise that I see potential in on top of being passionate about. I am totally prepared to take the financial risk, just I have in the other businesses I’ve been involved in.
“MC Decides To Move Ahead!“
Millionaire Chess’ Official Announcement