There's an underlying assumption that the Isle of Man would have reopened its borders by then.
The very latest International round up of English news.
FIDE's press release on this which includes the statement "With 164 players in total and a combined prize fund of USD 550,000, the event is set to be the strongest and highest-budgeted swiss tournament ever registered in history. "
The FIDE Press Release states:
"The event is, of course, subject to the lifting of COVID-19 restrictions by mid-2021. At present, Isle of Man’s borders are closed, while local tournaments are being played without restrictions."