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The first Team Chess Tournament had been held by coinciding the 1924 Summer Olympics in Paris, 12-20 July 1924, at Hotel Majestic. The core of the organizing committee were the Frenchmen Pierre Vincent and Alexander Alekhine. Fifty-four players representing 18 countries arrived to Paris. They were decided to be split into nine preliminary groups of six, a winner of each qualifying into the Championship Final while the rest joined eight-round Swiss consolation tournament. The winner of the individual tournament earned the title of the Amateur World Champion. Mrs. Edith Holloway for Great Britain was the first woman to have appeared at the Olympiads.
The final results were as follows:
| # | Player | Points | Buch |
|---|---|---|---|
| 1 | Hermanis Matisons (Latvia) | 5.5 | |
| 2 | Fricis Apšenieks (Latvia) | 5.0 | |
| 3 | Edgard Colle (Belgium) | 4.5 | |
| 4 | Árpád Vajda (Hungary) | 4 | 16.75 |
| 5 | Machgielis Euwe (Netherlands) | 4 | 15.75 |
| 6 | Anatol Tschepurnoff (Finland) | 4 | 14.75 |
| 7 | Luis Argentino Palau (Argentina) | 3.5 | |
| 8 | Manuel Golmayo de la Torriente (Spain) | 3 | |
| 9 | Kornél Havasi (Hungary) | 2.5 |
| # | Player | Σ Points | Qual. | Final |
|---|---|---|---|---|
| 1 | Karel Hromádka (Czechoslovakia) | 9.5 | 3 | 6.5 |
| 2 | Jan Schulz (Czechoslovakia) | 9 | 4 | 5 |
| 3 | Erwin Voellmy (Switzerland) | 8.5 | 3.5 | 5 |
| 4 | Kārlis Bētiņš (Latvia) | 8 | 2 | 6 |
| Georges Renaud (France) | 8 | 3 | 5 | |
| Roberto Grau (Argentina) | 8 | 3.5 | 4.5 | |
| George Koltanowski (Belgium) | 8 | 3.5 | 4.5 | |
| 8 | Giovanni Cenni (Italy) | 7.5 | 1.5 | 6 |
| Endre Steiner (Hungary) | 7.5 | 2 | 5.5 | |
| Otto Zimmermann (Switzerland) | 7.5 | 2.5 | 5 | |
| Dawid Daniuszewski (Poland) | 7.5 | 2.5 | 5 | |
| Károly Sterk (Hungary) | 7.5 | 3 | 4.5 | |
| Damián Reca (Argentina) | 7.5 | 3.5 | 4 | |
| 14-45 | etc. |
| # | Player | Achievement |
|---|---|---|
| 1 | Hermanis Matisons (Latvia) | Championship Final Winner |
| 2 | Fricis Apšenieks (Latvia) | Championship Final 2nd place |
| Edgard Colle (Belgium) | Championship Final 3rd place | |
| 3 | Árpád Vajda (Hungary) | Championship Final Participant |
| Machgielis Euwe (Netherlands) | Championship Final Participant | |
| Anatol Tschepurnoff (Finland) | Championship Final Participant | |
| Luis Argentino Palau (Argentina) | Championship Final Participant | |
| Manuel Golmayo de la Torriente (Spain) | Championship Final Participant | |
| Kornél Havasi (Hungary) | Championship Final Participant | |
| Karel Hromádka (Czechoslovakia) | Consolation Cup Winner |
| # | Team | Points | Players |
|---|---|---|---|
| 1 | Czechoslovakia | 31 | Hromádka 9½, Schulz 9, Vaněk 6½, Skalička 6 |
| 2 | Hungary | 30 | Vajda 8, Sterk 7½, Steiner E. 7½, Havasi 7 |
| 3 | Switzerland | 29 | Voellmy 8½, Zimmermann 7½, Johner H. 6½, Naegeli 6½ |
| 4 | Latvia | 27.5 | Apšenieks 10, Matisons 9½, Bētiņš 8 |
| Argentina | 27.5 | Grau 8, Reca 7½, Palau 7, Fernández Coria 5 | |
| 6 | Italy | 26.5 | Cenni 7½, Rosselli del Turco 7, Romih 6½, Miliani 5½ |
| 7 | France | 25.5 | Renaud 8, Lazard F. 6½, Duchamp 6, Gibaud 5 |
| Poland | 25.5 | Daniuszewski 7½, Piltz 6, Kohn 6, Kleczyński 6 | |
| 9 | Belgium | 24 | Colle 8½, Koltanowski 8, Lancel 5, Jonet 2½ |
| 10 | Spain | 19 | Golmayo Torriente 7, Marin y Llovet 6, Rey Ardid 6 |
| 11 | Netherlands | 18.5 | Euwe 8, Oskam 6, Rueb 4½ |
| 12 | Romania | 18 | Davidescu 7, Gudju 6, Loewenton 5 |
| 13 | Finland | 15 | Tschepurnoff 9, Malmberg 6 |
| 14 | United Kingdom | 12.5 | Handasyde 6, Wreford 3½ Holloway 3 |
| 15 | Irish Free State | 5.5 | O'Hanlon 5½ |
| 16 | Canada | 5 | Smith 5 |
| 17 | Russia1 | 4.5 | Potemkine 3, Kahn 1½ |
| 18 | Kingdom of Serbs, Croats and Slovenes | 2.5 | Rozić 2½ |
1 Potemkine and Kahn were émigrés living in Paris and represented "Russia", not the Soviet Union.
On 20 July, the last day of the games, 15 delegates from all over the World signed the proclamation act of the International Chess Federation (originally known as Fédération Internationale des Échecs in French) and elected Dr. Alexander Rueb of the Netherlands the first FIDE president.
Latin motto Gens una sumus ("we are one family") became official and well-recognized watchword of the chess unity. Below is the historic list of 15 founders of FIDE: Abonyi (Hungary), Grau (Argentina), Gudju (Romania), Marusi (Italy), Nicolet (Switzerland), Ovadija (Yugoslavia), Penalver y Zamora (Spain), Rawlins (Great Britain), Rueb (Netherlands), Skalička (Czechoslovakia), Smith (Canada), Towbin (Poland), Tschepurnoff (Finland), Vincent (France), Weltjens (Belgium).