If you’re an active chess player, you may have noticed that your game is being monitored by the Internet Chess Federation.
The Internet Chess League (ICFL), which is run by the same companies behind chess tournaments, is a sort of public face for chess.
And you can bet your bottom dollar that they monitor you, too.
It’s pretty much the only online tournament where a single entity controls all the action, and that’s a big problem.
In fact, the tournament industry itself has become so toxic that the ICL is in dire need of a rescue.
So how did it get to this point?
A little over a year ago, the Internet Gaming Association (IGA) was founded by a handful of tech-savvy chess players who wanted to take a more active role in the game, and they were looking for a way to create a sustainable model.
The IGA, which is headquartered in Los Angeles, California, has grown into one of the most powerful chess organizations in the world.
Since its founding, the IGA has become a powerhouse in the sport.
It holds tournaments in more than 200 countries and has an active presence in more countries than any other organization.
Its members have been involved in hundreds of tournaments worldwide and, thanks to their membership, have a tremendous amount of influence over the tournament calendar.
But in 2015, the IGA started to struggle.
The IGA had invested hundreds of millions of dollars in professional players, but they were struggling to make ends meet.
In addition to the players, the organization was struggling to keep up with the demand for chess games online.
And that’s when things went sour.
According to a report published by Forbes, the company had lost $10 million during the first six months of 2017.
In the last six months, it had lost an additional $10.6 million, according to the report.
The report notes that the IGAs own losses reached $15 million in 2017, a figure that includes the $1 million in losses the IGAS suffered due to the closure of its website.
The reason for the losses may be as simple as lack of money: chess is a global game and in some countries, it’s the only way to play.
There’s no reason for chess players to live paycheck to paycheck, so the IGEs revenue stream dwindled.
The company started losing money too, and eventually, its financial condition was considered precarious.
So in February of this year, the group decided to take drastic measures.
It made a public offering.
The offer, called the IPO, was valued at $50 million.
The IPO was a huge deal, and it brought in $4 million in cash from investors.
But that was just the beginning.
The group had a lot more to do.
In March, the board of directors approved a resolution that would allow the IG’s board of governors to remove all of the board members and replace them with people with a proven track record of success in the chess industry.
In exchange, the groups leaders agreed to pay $6 million each to all the board’s members.
The $6,000 payment was the first step towards the IGs ability to pay out the remaining $20 million in compensation.
So, after more than two years of planning and work, the next step was to bring in additional investors.
The new investors would come from both outside and within the chess community.
The funders included Google, which has partnered with the IG as well as IBM, the world’s largest software company.
But the real game changer came from a new group of investors called the Chess Partners.
These investors have become a vital part of the chess ecosystem.
They were able to bring together the biggest chess players in the country to create an investment fund worth $2 billion.
This investment is in turn backed by the IG and a $250 million seed round that also includes Intel and a former Google employee named Tony Schwartz.
The Chess Partners are backed by a combination of tech giants, such as Microsoft, Amazon, and Facebook, as well a few hedge funds and private equity firms.
They’ve also gotten their own share of controversy.
After the IACL closed its doors, the Chess Partner, led by billionaire entrepreneur and tech investor Tim Draper, decided to move forward with the IPO.
It has raised more than $10 billion from investors and a host of high-profile investors, including PayPal co-founder Peter Thiel, PayPal founder David Marcus, and former Microsoft executive John Chambers.
Draper, a longtime backer of the IG, told Recode, “It’s not just a chess board.
It is the chess board.”
In the end, Draper is betting that the Chess Players will be more willing to give up their money and put in their money to invest in the IG.
And, in turn, they are betting that this investment will allow them to provide greater exposure to chess to the chess world and to the broader gaming community.
And as a result, it may be the beginning of the end for the IG once