Chennai Super Kings Cricket

Last updated
Chennai Super Kings Cricket Limited
Company typePublic limited company
Industry
  • Sports
  • Sports services
Founded2014;10 years ago (2014)
Key people
RevenueDecrease2.svg ₹325.30 crore [1]  (2022–23)
Decrease2.svg₹32.14 crore [1]  (2022–23)
Decrease2.svg₹13.79 crore [1]  (2022–23)
Total assets Increase2.svg₹490.41 crore [1]  (2022–23)
Owner India Cements Shareholders Trust (30%)
Saradha Logistics (6.9%)
Life Insurance Corporation of India (6%)
Subsidiaries

Chennai Super Kings Cricket Limited is a public limited company that administers cricket franchises. The company was incorporated on 19 December 2014. The name itself was derived from its first and flagship franchise Chennai Super Kings (CSK), which plays in the Indian Premier League (IPL).

Contents

As of 2023, the major share holders include India Cements Shareholders Trust (30%), Saradha Logistics (6.9%) and Life Insurance Corporation of India (6%). The company took over the ownership of CSK in 2014. It also owns the teams Joburg Super Kings in SA20 and Texas Super Kings in Major League Cricket.

History

In 2008, Indian Premier League, a franchise based T20 tournament was launched by Board of Control for Cricket in India (BCCI). [4] Chennai Super Kings (CSK) was acquired by India Cements, a company owned by N.Srinivasan, then president of BCCI. [5] The BCCI had an existing clause in its regulations which prohibited administrators of BCCI from holding commercial interests in the matches conducted by the board. [6] This was modified to enable the ownership of franchises in the IPL by members linked to the BCCI. [7] [8] In 2014, the Supreme Court of India admitted a petition which challenged the amendment and cited conflict of interest. [9] Chennai Super Kings Cricket Limited was incorporated on 19 December 2014. To avoid complications arising out of the conflict of interest case, the ownership of CSK was transferred to the new company. [10] The amendment to the BCCI clause was later voided by the Supreme Court of India in 2016. [11] [12]

Ownership

Chennai Super Kings Cricket Limited is incorporated as a public limited company. The name itself was derived from its first and flagship franchise CSK. [13] As of 2023, the major share holders include India Cements Shareholders Trust (30%), Saradha Logistics (6.9%) and Life Insurance Corporation of India (6%). The company took over the ownership of CSK in 2014. [1]

Franchises

As of 2024, the company owns the following franchises:

Franchises owned by CSK cricket
NameCityLeagueFoundedHome Ground
Chennai Super Kings [13] Chennai, India Indian Premier League 2008 [lower-alpha 2] M. A. Chidambaram Stadium
Joburg Super Kings [14] Johannesburg, South Africa SA20 2022 The Wanderers Stadium
Texas Super Kings [lower-alpha 1] [15] Dallas, United States Major League Cricket 2023 Grand Prairie Stadium

Notes

  1. 1 2 co-owned with Anurag Jain [2] and Ross Perot Jr. [3]
  2. ↑ The team was founded in 2008, but the ownership was transferred to CSK cricket in 2014

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References

  1. 1 2 3 4 5 Annual report 2023 (PDF) (Report). Chennai Super Kings Cricket Limited. Archived (PDF) from the original on 21 September 2023. Retrieved 1 May 2024.
  2. ↑ Skores, Alexandra (15 November 2022). "Major League Cricket wrapping up renovations to Grand Prairie Stadium, season begins July". The Dallas Morning News . Archived from the original on 15 November 2022. Retrieved 2 April 2022.
  3. ↑ Jordan, Raven (17 November 2022). "Cricket goes to the major leagues in Dallas, and Ross Perot Jr. is connected". Preston Hollow Advocate. Retrieved 2 April 2022.
  4. ↑ Alter, Jamie (13 September 2007). "Franchises for board's new Twenty20 league". ESPNcricinfo. Archived from the original on 13 May 2021. Retrieved 17 February 2019.
  5. ↑ "Big business and Bollywood grab stakes in IPL". ESPNcricinfo. 24 January 2008. Archived from the original on 18 April 2021. Retrieved 20 February 2019.
  6. ↑ "BCCI constitution" (PDF). Board of Control for Cricket in India. Archived (PDF) from the original on 21 May 2023. Retrieved 1 December 2023.
  7. ↑ "BCCI top brass feels fixing heat". The Times of India . 24 May 2013. Archived from the original on 30 March 2019. Retrieved 10 November 2023.
  8. ↑ "Conflict of interest and clause 6.2.4". The New Indian Express . 17 May 2012. Archived from the original on 17 May 2024. Retrieved 18 May 2024.
  9. ↑ "Court admits PIL relating to Srinivasan conflict of interest". ESPNcricinfo. 27 February 2014. Archived from the original on 30 May 2024. Retrieved 1 December 2023.
  10. ↑ "CSK owners". Sportskeeda . Archived from the original on 29 January 2024. Retrieved 1 December 2023.
  11. ↑ Joshi, Amrut; Shamlal, Aditya; Sainath, Vishnupriya; Anand, Mahit (June 2015). The N. Srinivasan case and ‘conflict of interest’ in sport (PDF). World Sports Law Report. pp. 9–11.
  12. ↑ "Supreme Court rejects BCCI's curative plea on conflict of interest issue". The Economic Times . 16 December 2016. ISSN   0013-0389. Archived from the original on 17 May 2024. Retrieved 17 May 2024.
  13. 1 2 "Chenna Super Kings owner". Jagran Josh. 21 March 2024. Archived from the original on 21 March 2024. Retrieved 1 May 2024.
  14. ↑ "IPL franchise owners buy all six teams in South Africa's new T20 league". ESPNcricinfo. Archived from the original on 8 December 2023. Retrieved 1 December 2023.
  15. ↑ Martinez, Glorie (22 March 2023). "Major League Cricket makes its U.S. debut in Texas this summer". Texas Standard. Archived from the original on 3 April 2023. Retrieved 2 April 2023.
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