Who is the Owner of Chennai Super Kings in 2023?

Chennai Super Kings, fondly called CSK, is one of the most successful franchises in the Indian Premier League (IPL). The team has a rich history of success, including winning the IPL championship five times. CSK is not just a team, but a passion for millions of cricket fans across the world.

However, one critical aspect that is equally important for every CSK fan to know is who the owner of the CSK team is, and how the ownership structure has evolved over the years. In this article, we will delve deep into the ownership history of CSK and identify the current owner of the CSK franchise as of 2023.

Who was the Previous Owner of CSK?

CSK was initially owned by India Cements, a leading cement manufacturer in South India. India Cements acquired the franchise before the inaugural IPL season in 2008. Under the ownership of India Cements, CSK achieved tremendous success, with four IPL titles to their name.

However, the team’s success was not without controversy. In 2015, the Lodha committee suspended CSK for two years due to the involvement of its owners in the IPL spot-fixing scandal. Gurunath Meiyappan, a former team official of CSK and son-in-law of industrialist N Srinivasan, was banned for life. Following the suspension, the ownership of CSK was transferred to a new consortium of investors.

Current Ownership of CSK

The current owner of CSK is Chennai Super Kings Cricket Limited (CSKCL). CSKCL was formed in December 2014, following the suspension of CSK from the IPL. The company acquired the franchise from its parent company, India Cements, and took over all the managerial and administrative rights of the team.

The key members of the CSK team are the directors of CSKCL, which includes Subramaniam Palaniappan, Sabaretnam Lakshmanan, Ramgopal Kalathingal, Srinivasan Ranganathan, Kalyanasundaram Balasubramanyam, Kalidaikuruchi Subramaniam, and Rakesh Singh.

Apart from playing administrative and managerial roles for the franchise, CSKCL also owns the rights to the team’s jersey and other merchandise, such as t-shirts, mugs, posters, footwear, wristbands, etc. CSKCL is registered as a non-governmental company.

The Rise of CSK under N. Srinivasan

The Chennai Super Kings were initially owned by India Cements, a leading cement manufacturer in South India, from 2008 to 2015. In 2015, the ownership of the team was transferred to a new consortium of investors, led by India Cements and including other companies such as TAFE and SUMED Group.

The ownership of the team remained with this consortium until the suspension of the team in 2016 for a period of two years due to the involvement of its owners in the IPL spot-fixing scandal.

Rise of Chennai Super Kings under N. Srinivasan

N. Srinivasan acquired the Chennai Super Kings franchise ahead of the inaugural IPL season in 2008. From the very beginning, he had a clear vision for the franchise and built a team that was not only talented but also had a strong sense of camaraderie and team spirit.

Under his ownership, CSK won four IPL titles, making them one of the most successful teams in the league’s history. The win percentage of Chennai Super Kings is 58.98 which is phenomenal. Since 2008, CSK played the final nine times which shows that CSK is one of the best teams in all departments.

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Who is the Owner of Chennai Super Kings in 2023?

The current owner of the Chennai Super Kings is a consortium of investors, led by N. Srinivasan and his daughter Rupa Gurunath. In 2018, the Chennai Super Kings were reinstated into the IPL, and the ownership was transferred to this new consortium of investors. The ownership structure is designed to ensure the financial stability of the team and to give the investors a say in the management and operations of the team.

The ownership structure of the Chennai Super Kings is a consortium, with multiple investors contributing to the ownership of the team. The ownership is managed by a board of directors, with N. Srinivasan serving as the chairman and Rupa Gurunath as a member of the board. The ownership structure is designed to ensure that the team is financially stable and that the investors have a say in the management and operations of the team.

Wrapup

In conclusion, the Chennai Super Kings are one of the most successful teams in the IPL and have a rich history. The owner of the Chennai Super Kings in 2023 is a consortium of investors, led by N. Srinivasan and his daughter Rupa Gurunath. The ownership structure is designed to ensure the financial stability of the team and to give the investors a say in the management and operations of the team. The Chennai Super Kings are committed to ensuring the success and growth of the team for years to come.