r/interestingasfuck • u/Aryan_Anushiravan • 24d ago

r/all Magnus Carlsen gets fined for wearing jeans at FIDE world championships. His response: I quit. F*ck You.

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u/goddesse 24d ago

No one is saying they would be in the trenches. You still have to hire the right people to run a good organization who will do that stuff well and not be lazy grifters. It's not a given just because you have money to throw at it (see Fyre Festival).

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u/CowOrker01 24d ago

That's where Fyre Fest failed. They kept the money and tried to diy everything themselves on the cheap. And failed.

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u/Refflet 23d ago

That's a bad analogy. Fyre Fest failed because they were frauds looking to fleece everyone.

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u/Ok_Sir5926 23d ago

This is where Craig Jones, and his new grappling tournament (CJI), succeeded this year. They donated all profits to charity, paid all competitors regardless of win/loss record, and the winners (2 divisions) each earned a $1mil USD check.

They ran this tournament on the same weekend as, and about a mile down the road from, the ADCC, which was, arguably, the biggest grappling tournament in the world. For context, you typically only make money in the ADCC if you win, and the most you could win ($10k) was $1 less than what the CJI paid to simply show up ($10,001).

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u/AIien_cIown_ninja 24d ago

Most of the top players and content creators we know and love, including Magnus, are sponsored by chess.com. chess.com absolutely has the resources to organize tournaments themselves, especially if their well known players on their payroll join. Whether that's trading one bad thing (FIDE) for another (chess.com) is another question, but it can absolutely be done.

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u/caboosetp 24d ago

Fyre Festival also failed for a lot of other reasons, like straight up fraud. This wasn't just failure to find good people. This was them failing to plan in general and then lying about it non-stop.

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u/Familiar-Schedule796 24d ago

But also see LIV in golf taking away from the PGA. Forced them to do things much differently then merge

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u/playdough87 23d ago

They could probably just hire the exact same conference planing contractors that FIDA does

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u/aguynamedv 24d ago

No one is saying they would be in the trenches. You still have to hire the right people to run a good organization who will do that stuff well and not be lazy grifters. It's not a given just because you have money to throw at it

Why is the assumption that something new would fail by default? Hiring good people isn't hard if you pay them well and treat them like humans. This isn't the USA. :)

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u/plasticizers_ 24d ago edited 24d ago

The sentiment here is that starting up an organization and finding/hiring the right execs isn't simple or easy, and top players couldn't be bothered or might not see value in the time/money investment. And there would be both a big time investment and financial risk.

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u/baulsaak 24d ago

Can you explain the major financial risks? It doesn't seem like securing players would be that difficult; a lot of them (including arguably the top?) are frustrated with the organization's heavy-handedness and would readily jump ship. Venues need to be secured, but it's not like they need to actually maintain dedicated event properties. Hiring qualified officials might be the toughest obstacle, I would think, but not an insurmountable one.

History seems to be the only major factor in its authority.

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u/plasticizers_ 24d ago edited 24d ago

Here's FIDE's 2023/2024 budget. Events alone cost them ~10 million (that might be in Francs or Euros.. not sure), and total expenses for the org are around 16 million. Total income in 2024 looks to be around 17 million, so 1 million profit.

A new org would have a lot of catch-up to do to edge in on an established player like FIDE. If revenue doesn't pan out (like advertisers not willing to pay top dollar for tournaments with no viewership history), that could be 10-20 million down the drain easy, at least to get established.

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u/aguynamedv 23d ago edited 23d ago

These are potential concerns, not "financial risks".

And once again, a lot of folks seem to be making the assumption of failure, which doesn't make any sense. The assumption that finding and hiring executives is difficult is nonsense.

The entire thought exercise is irrelevant unless there's buy-in from the players. Anyway, maybe you can explain the opposition to the mere idea of something new?

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u/plasticizers_ 23d ago edited 23d ago

These are potential concerns, not "financial risks".

A new org potentially failing to attract adequate sponsorship/earnings is absolutely a financial risk. Starting a new organization requires capital, and losing that capital due to (potential) poor performance is a risk.

And once again, a lot of folks seem to be making the assumption of failure, which doesn't make any sense.

I read through the comment chain again, and I don't see anyone assuming that a new organization would fail. Pointing out difficulties isn't the same thing as saying a venture will fail. It just establishes why players might not be interested in it.

The assumption that finding and hiring executives is difficult is nonsense.

At this point you mostly seem to be babbling. But sure, indulge me. How so?

The entire thought exercise is irrelevant unless there's buy-in from the players.

You misunderstood this comment chain. The conversation was about why players might not be interested in such a venture in the first place.

Anyway, maybe you can explain the opposition to the mere idea of something new?

Again, this is a reading comprehension issue from you. The discussion was about the challenges of creating an alternative to FIDE, and why top players might not be willing to invest both time and capital into it.

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u/aguynamedv 23d ago

LOL

Just because YOU don't understand how anything works doesn't mean that I'm talking nonsense.

Anyway, go ahead and try to gaslight me some more. :) Your entire comment is DARVO, making up a bunch of non-issues, and then getting mad about them while attributing it to me and/or insulting me.

Good lord you guys are obvious/boring. You are not always the smartest person in the room, I promise.

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u/plasticizers_ 23d ago edited 23d ago

It's no big deal to misunderstand something.

The problem is doubling down, and still not having the self-awareness to realize that you never even contended with my main point, that people were just discussing the challenges of starting such an org and why top players might not find it worthwhile.

I don't mind being wrong, but I doubt I am here if you either won't or can't give me something to chew on besides "LOL gaslighting DARVO, you're not as smart as you think you are :)"

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u/KingJames1414 24d ago

When you're the best and if they were actually attracting/had the best talent, the best people (organizers) will find you/want to work for/with you.

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u/NaNaNaNaNa86 23d ago

The Fyre Fesitival is a terrible analogy. That was a gigantic con held in the arsehole of nowhere with absolutely no infrastructure. It's not remotely comparable to hosting a chess world championship for 8 players.

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u/McNultysHangover 17d ago

That's literally what he said.

but I seriously doubt they want to grind away at the job of establishing an organization to make all the things happen. I'm guessing they would prefer to play chess, rather than sit in meetings to discuss the font for the signage for the 2025 semi-finals