Algemeene Veerenigde Radio Oemrop (AVRO), a Dutch broadcasting company, which sponsored the world's strongest tournament held up to that time from November 5th to the 27th of November, 1938. The top eight players in the world participated (Keres, Fine, Botvinnik, Alekhine, Reshevsky, Euwe, Capablanca, and Flohr). First place was equivalent to $550 (shared by Fine and Keres). Alekhine, for the first time in his life, came ahead of Capablanca. Capablanca, for the first time in his life, fell below 50%. He lost four games in this event. Flohr, the official challenger who was expected to play a world championship match with Alekhine, came last without a single victory in 14 rounds. Each round was played in a different Dutch city that rotated between Amsterdam, The Hague, Rotterdam, Groningen, Zwolle, Haarlem, Utrecht, Arnhem, Breda, and Leiden.