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Legacy Capital / Press & Awards / LEGACY SQUARE CAPITAL BECAME THE NATIONAL PARTNER OF THE RUSSIAN CONTENDER TO THE TITLE OF THE WORLD CHESS CHAMPION OF 2016
09.11.2016 12:04
Source: Legacy Square Capital

LEGACY SQUARE CAPITAL BECAME THE NATIONAL PARTNER OF THE RUSSIAN CONTENDER TO THE TITLE OF THE WORLD CHESS CHAMPION OF 2016

The match for a title of the world chess  champion of 2016 (the 55th in the history of chess) — will take place between the reigning world  champion Magnus Karlsen (Norway) and contender  Sergey Karyakin (Russia) in New York. For the first time since 2008 the Russian will play in a match for a title of the world chess champion. 

President of Chess federation of Moscow and Legacy Square Capital fund - Vladimir Palikhata, declared that Sergey Karjakin, is a member of the chess team of the Russian  capital, and also the active participant of chess tournaments and events. It is a great honor for Legacy Square Capital fund to support the Russian sportsman at the moment when so much is at stake - a world champion title. It is important to note that the name of Sergey Karjakin became in Russia a peculiar brand, and it is promoted much by an active position of the sportsman  who helps to develop actively the chess movement, to attract younger generation.

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Let's remind that the businessman Vladimir Palikhata, is the head of Legacy Square Capital fund, he was elected to a position of the president of Chess federation of Moscow in April, 2012. The main directions of fund – operation with problem, stressful assets. More than 250 million dollars are attracted to implementation of projects. In the conditions of global instability of world economy a task of the  fund — receiving profit for investors due to work with problem assets.

" I am glad that Legacy Square Capital became Sergey Karyakin's sponsor. I consider also that communication of mister Karyakin with Legacy Square Capital will give positive effect from the point of view of the main business of the fund. Chess  are becoming  attractive to big business, and a competition of level of the World Cup get a Mini-Davos format , ideal platforms for positioning of the serious company".

Thanks to Chess federation of Moscow, yearly  more than 500 various official events are holding in the city, as well as for professionals, and for fans of chess of all ages, regardless of the level of their game. The largest event of chess life of the capital is the traditional international “MoscowOpen” festival (the largest chess tournament of Eastern Europe) which is helding in February  during winter students’ vacation 12 years in a row.

"On this occasion, I invite all. - Vladimir Palikhata adds. - The Moscow grand masters are world champions in blitz,  men and women champions of Russia, both in personal, and in team classification, there is a hope now that the Moscow grand master Karyakin will become world champion".

Also with assistance of the Government of Moscow, the programs "Chess in Libraries", "Chess in Boulevards", "Chess at Schools" are successfully  implemented by Federation. The last programme - studying of chess at school as one of the subjects along with literature and physics. From this year chess will be taught in 250 out of 750 Moscow schools. It is extremely important process for formation of healthy, intellectual generation of Russians.

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