Who is owner of csk
The cricketing landscape, particularly in India, is incomplete without the mention of one of its most popular teams – Chennai Super Kings. They are a part of the Indian Premier League (IPL), a professional Twenty20 cricket league in India. The team was founded in 2008 and has since gained immense fan following, thanks largely to its impressive roster of players, strategic gameplay and impeccably orchestrated administration. But behind this successful outfit stands an equally pivotal entity – its owner.
Introduction about CSK’s owners
CSK is owned by India Cements Ltd, which is currently led by former BCCI president Mr. Narayanaswami Srinivasan. As such, on record, he isn’t legally recognised as the owner but his company’s significant shareholdings cumulatively make him so for all practical purposes. His company purchased the rights to the team at a whopping price of $91 million per year making it one of the priciest IPL franchise purchases.
Narayanaswami Srinivasan: A Business Magnate and Cricket Administrator
Mr. Srinivasan hails from a wealthy business background, with ventures spanning across multiple sectors like cement, fertilizers, shipping etc. He took over the reins of India Cements from his father-in-law who established it originally. Considering his limitless passion for cricket intertwined with his influential position at India Cements plus later becoming BCCI’s President opened up avenues for him to associate directly within the realm of cricket.
Srinivasan’s era in cricket started when he began sponsoring TNCA divisional league matches through India Cements during late 1990s. Later on post merger with IPL framework and acquisition of CSK brought under global limelight.
Despite controversies marking his tenure highlighted majorly by 2013 spot-fixing scandal bringing disrepute; undeterred focus towards team’s success and the resultant two-year suspension of CSK, Srinivasan always stood as a celebrated ‘backbone’ for franchise.
CSK’s Ownership Structure
Though India Cements initially bought the franchise in 2008, in 2015 due to changing IPL regulations they transferred the ownership to a separate entity: India Cements Cricket Limited (ICCL).
Full Video in Youtube
Srinivasan functioned as Managing Director of ICCL until stepping down later during tenure citing ‘personal reasons’. Currently, his son-in-law Gurunath Meiyappan serves here under the same profile ensuring seamless legacy continuity post Srinivasan era.
The Contribution of Owners to CSK’s Success
Since inception, CSK has been one of the most successful teams within IPL fraternity. The credit undoubtedly goes towards supportive owners; alongside able management and players working with single-minded dedication towards triumphs.
Under their supervision, CSK boasts three IPL titles – 2010, 2011 and 2018 – and have regularly qualified for subsequent stages throughout multiple seasons; thereby reflecting strong foundational structures laid by its owner-backed strategies meticulously allowing them consistent performances.
Impact on Indian Cricketing Landscape
N. Srinivasan’s influence on cricket is undeniable. His company owning an IPL team offered unparalleled opportunity for young cricketers who got exposure while playing WITH or AGAINST some of world’s best talents making arena more competitive plus honor-worthy towards budding aspirants plus existing maestros simultaneously.
His reign also brought transformative changes within cricket administration methods introducing innovations allowing IPL become exemplary model fetching huge financial returns conclusively thus boosting popularity amidst global audiences besides it becoming prestigious event upon domestic calendar.
In conclusion, although controversies marred N.Srinivasan’s standing at times but looking past beyond provides commendable vision about what he envisioned then actually transformed into reality now. His company, through its ownership of CSK, has not only played an instrumental role in engraving a rich legacy for the franchise but also significantly contributing towards cricket’s overall development and popularity upon Indian subcontinent.
