The negotiations over the organisation of the forthcoming World Championship cycle 2010-2011 (Candidates Tournament 2010 and World Chess Championship Match 2011) between Universal Event Promotion (UEP) and FIDE have failed.
Due to different agendas relating to organisational sovereignty and commercial rights, the parties failed to reach an agreement. Aggravating circumstances included FIDE´s financial expectations beyond the original tender details.
UEP – the only bidder for the tender – believes that under such circumstances a permanent and successful marketing of the World Chess Championship will be questionable.
The negotiations ended by mutual agreement.
Media contact: georgios.souleidis@uep-worldchess.com
(UEP news service 13th of May 2009)

Yes, we can send Goichberg and Jim Berry to FIDE to bankrupt them too. Let these two dudes destroy chess for their own political gain.