CSK Owner 2023: Chennai Super Kings, also known as CSK, is a franchise-based cricket team. They have been participating in the Indian Premier League (IPL) since the inaugural edition (2008). As the name suggests, CSK is based in the city of Chennai. The franchise was one of the main eight teams to participate in the opening season of the 2008 IPL. IPL fans are always curious to know, who is the owner of CSK.
I’m guessing you’re one of those fans. Don’t worry, below we have discussed in detail about Chennai Super Kings owner. So If you are a true CSK fan, keep reading about the CSK team owner. We promise you will enjoy reading this article.
Who is the owner of CSK in 2023?
The Chennai Super Kings team is currently owned by Chennai Super Kings Cricket Limited, which was established in 2014. Earlier, the CSK team was owned by N. Srinivasan, then Vice-Chairman and MD of India Cements. Who bought Chennai Super Kings in 2008 for $ 91 million.
However, in 2014, due to a fixing issue conflict, ownership of CSK was transferred to Chennai Super Kings Cricket Limited, which was established in 2014. However, Srinivasan is still an active member of CSK’s management group. The current franchise is managed by CEO Kasi Viswanathan.
|Chennai Super Kings Cricket Limited
Also Read: Who is The Owner of the RCB in IPL 2033?
History of CSK Owners:
When the Board of Control for Cricket in India (BCCI) announced a franchise-based T20 league in India in 2007. The original eight franchises, each associated with a specific city, were auctioned off in 2008.
The Chennai-based franchise was bought by India Cements, an Indian cement manufacturer, which was established in 1946. Chennai Super Kings then sold to India Cement for $91 million. N. Srinivasan, then Vice-Chairman and MD of India Cements, was the real owner of CSK.
In July 2015, the Lodha Committee suspended the owner of CSK, Jaipur IPL and India Cements for two years after they were found guilty in a match-fixing scandal. Former Chennai Super Kings team official Gurunath Meiyappan and his son-in-law N Srinivasan were permanently banned from the IPL as punishment for match-fixing.
The scandal led to the formation of Chennai Super Kings Cricket Limited which also took over all the management and administrative rights of the CSK franchise.
CSK Owner and Team Details:
|Chennai Super Kings (CSK)
|Chennai Super Kings Cricket Limited
IPL journey of Chennai Super Kings:
With a huge fan base, Chennai Super Kings is the most popular team in the Indian Premier League (IPL). CSK has gained immense popularity since the inception of the IPL due to their captain MS Dhoni. This is because in 2007, under the extraordinary leadership of MS Dhoni, the Indian team won the first edition of the T20 World Cup.
Even after facing a two-year IPL ban in 2015, fan support has multiplied since the franchise returned in 2018. Especially IPL fans are crazy about MS Dhoni, the captain of the CSK team.
In 2008, the first year of the Indian Premier League, CSK was runners-up after losing to Rajasthan Royals. Suresh Raina was CSK’s highest scorer in the 2008 IPL season. He scored 421 runs in the 2008 IPL. However, the team won its first IPL title in 2010. Chennai has won the IPL title three times in 2010, 2011 and 2018.
The IPL of 2020 was not a very good season for the team as they finished the tournament in 7th place in the points table. However, after a poor performance in the IPL 2020 season, the CSK team is looking forward to another success under the leadership of MS Dhoni.
Brand value of CSK: How much do CSK team owners earn from IPL?
According to Duff & Phelps, CSK’s brand value in 2019 was Rs 732 crore, second only to the Mumbai Indians brand, valued at Rs 809 crore. And in 2020, the brand value of CSK decreased to 611 crores. This means that CSK’s brand value in 2020 decreased by about 16.5% compared to 2019.
The main reason behind this is the COVID-19 pandemic. As the IPL tournament in 2020 took place in the UAE in a spectator-free stadium due to the COVID outbreak, CSK’s revenue flow was affected.