CSK scripted a resolute turnaround in the ongoing edition of the tournament as they were the first team to qualify for the play-offs after also being the first team to be eliminated from the tournament in the preceding edition of the contest.
Some excellent batting from Ruturaj Gaikwad, Faf Du Plessis, an all-round display from Dwayne Bravo and Ravindra Jadeja were comprehensively handsome for the Kings and with so many brilliant displays coming together, Chennai cruised to the playoffs without any hassle at all.
However, for the successful operation of such a highly-rated franchise in the Indian domestic extravaganza, you need a strong backup from the owners of the club. There have been countless debates and questions about the exact men and women who have been pulling the strings of success from behind the scenes. In this story, we will take a quick look at the owners of the Chennai Super Kings.
From 2008 to 2014, the club was owned by India Cements. However, there was a shift in power post that and the club moved to the reins of Chennai Super Kings Cricket Limited. The Chennai Super Kings Cricket Limited was forged on December 19th, 2014 and took over the rights of the franchise from India Cements.
Alongside its managerial role, it also owns the rights of the team jerseys and merchandise like t-shirts, mugs, posters footwear and wristbands. The company is registered as a non-governmental organization.
Initially, the franchise was bought by India Cements, a cement manufacturing company that found its roots in 1946. Things seemed pretty tight in the early years with CSK racking up some initial success. However, after the match-fixing scandal came out in public, India Cements was stripped of ownership. This is where CSK Cricket Limited came into the picture.
Chennai Super Kings doubled its growth in valuation in a span of just one year. They were trading at Rs 30 per share and a market value of thousand crores in the unlisted market. CSK’s premium per share will be growing by leaps and bounds when it releases its shares to the public. The company attained a brand value of Rs 678 crores. In the next two years, given the success that the franchise has attained, the amount has grown considerably.