Who Is The Owner Of CSK In 2022?
The Chennai Super Kings, popularly known as CSK, is a professional cricket team that competes in IPL. As its name suggests, Chennai Super Kings is situated in Chennai. One of the initial eight teams that took part in the 2008 IPL season was the Chennai franchise. The company that owns Chennai Super Kings is Chennai Super Kings Cricket Limited.
The Chennai Super Kings Cricket Limited is the the owner of CSK in 2022. On December 19, 2014, the Chennai Super Kings Cricket Limited was established, and it purchased the team's rights from India Cements, the team's parent corporation. The Chennai Super Kings Cricket Limited, in addition to serving in managerial and administrative capacities for the team, also holds the rights to the team's uniform and other memorabilia, including t-shirts, mugs, posters, footwear, wristbands, and other items. The non-governmental firm Chennai Super Kings Cricket Limited is registered.
A franchise-based T20 domestic league in India was announced by the Board of Cricket Control in India (BCCI) in 2007. The first eight franchises, each associated with a specific city, were put up for sale in 2008. India Cements, an Indian cement manufacturing firm that was established in 1946, purchased the franchise in Chennai.
In the middle of the match-fixing controversy in July 2015, the RM Lodha committee found India Cements and the Jaipur IPL guilty of the offence and suspended them for two years. Gurunath Meiyappan, a former Super Kings team executive and the son-in-law of businessman N Srinivasan, received a lifetime ban as part of the sentence.
Due to these incidents, the Chennai Super Kings Cricket Limited was established, and all managerial and administrative rights of the franchise were given to them.
Chennai Super Kings reportedly became the first team in the Indian Premier League to earn unicorn status last year. It has a market capitalization of INR 7,600 crore, and shares are now trading for INR 200 to INR 225 on the black market.
According to reports, CSK is worth approximately USD 104 million, or nearly INR 732 crore.