The Chennai Super Kings a.k.a CSK, is a franchise cricket team which takes part in the Indian Premier League or the IPL. Chennai Super Kings is based in Chennai as evident from its name. The Chennai based franchise was one of the original eight teams which participated in the inaugural IPL season in 2008. Chennai Super Kings is owned by Chennai Super Kings Cricket Limited.
Who is the owner of CSK in 2021?
Chennai Super Kings owner in 2021 is the Chennai Super Kings Cricket Limited. The Chennai Super Kings Cricket Limited was formed on December 19, 2014 and acquired the team and it's rights from its parent company, India Cement. Apart from playing managerial and administrative roles for the franchise, the Chennai Super Kings Cricket Limited also owns the rights to the team's jersey and other merchandise such as t-shirts, mugs, posters, footwear, wristbands etc. Chennai Super Kings Cricket Limited is registered as a non-governmental company.
All CSK Owners
The Board of Cricket Control in India or the BCCI announced a franchise based T20 domestic league in India in 2007. Each of the original eight franchises were paired with a particular city and put up for auction in 2008. The Chennai-based franchise was bought by India Cements, an Indian cement manufacturing company, which was itself founded in 1946.
Also see: CSK 2021 Retained Players
In July 2015, amidst the match-fixing scandal, the RM Lodha committee suspended India Cements and Jaipur IPL for a period of two years finding them guilty of the offence. As part of the punishment, Gurunath Meiyappan, a former team official of Super Kings and son-in-law of industrialist N Srinivasan, was banned for life.
Due to these scandals the Chennai Super Kings Cricket Limited was formed and all the rights of the franchise, both administrative and managerial were handed over to them.
|Chennai Super Kings Cricket Limited||2014- Present|
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How much do CSK owners earn from IPL?
Chennai Super Kings observed a double growth in its valuation in just one year. Trading at Rs 30 per share and a market value of a thousand crores in the unlisted market CSK might fetch an even greater premium when it has finally put its shares for sale to the public. In 2019, CSK's brand value was estimated to be 678 crores. Being one of the most successful teams in the history of the Indian Premier League has certainly attributed to CSK's net worth as a company and a franchise.