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Tim Wulfgar, the president of the World Chess Boxing Association, told the Today programme's Justin Rowlatt that the two component sports have "a great deal in common".
He continued: "They attract a similar type of mentality - people who enjoy the thrill of the combat," noting that chess can be "absolutely brutal".
Mr Wulfgar also explained that since the sport has opened a new base in the City of London, events "have attracted quite a few people from the banking and finance sectors".
"People in the City like to think that they're tough and can fight, but also like to think that they're intelligent as well," he added.
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