The Bulgarian Chess Federation will be re-awarded with the event if it accepts in written form, by 14 November 2008 12:00 GMT, to hold the match with a prize fund of 250,000 USD plus 50,000 USD as contribution to FIDE and all organising expenses covered. In this case, the dates of the match Topalov - Kamsky remain as already announced (29 Nov. - 12 Dec. 2008) and I intend to nominate FIDE Vice President Mr William Kelleher of USA as the FIDE Supervisor of the Organising Committee (*duties of the FIDE Supervisor as annex 1 to this announcement).Kirsan Ilyumzhinov says in a press release posted on FIDE website. He also explains how Chernenko abused his trust and so the guarantee is valid no more.
At this point I must say that I have deeply regretted the trust which I had shown to Alexander Chernenko, concerning the reliability of his offer. The actions of Mr Chernenko indicate an abuse of right to invoke my guarantee which was declared after his own request and in good faith to help him secure the necessary funds.