The award fund is $ 1,5 million

(Sofia, May 15, 2006) The manager of the World Champion Veselin Topalov – Silvio Danailov and the Minister of Sport of Azerbaijan Azad Rahimov agreed yesterday on a match for the world title to be held between Topalov and the Azerbaijanian Teimour Radjabov (ELO 2720). All conditions of the World Champion have been accepted and the two sides have signed a memorandum.

The match will probably take place in April 2007 in Baku. The award fund will be $ 1,5 million, of which $ 1 million will be for Topalov. According to the rules of FIDE every chess player with ELO over 2700 can challenge the World Champion in a match for the title. Radjabov, currently number 13 in the FIDE ranking will be the next challenger for it if Topalov defends it in the match against Kramnik in September this year in the capital of Kalmykia - Elista.