Chennai Super Kings (CSK) is one of the eight original franchises which was founded in the inaugural season of the IPL in 2008. The Tamil Nadu based franchise has four IPL titles and two Champions League Twenty20 titles. CSK is the 2nd most successful franchise in the league after Mumbai Indians who have won the tournament five times.
CSK won their first IPL title in the year 2010. They later went on to win in 2011, 2018 and in 2021.
Initially CSK was owned by Indian Cements for the first 10 years. Indian Cements is one of the largest cement manufacturers of India. Later the franchise was changed to a separate entity named Chennai Super Kings Cricket Ltd. Former ICC Chairman N. Srinivasan is the managing director of the franchise. The transfer took place in 2018 after the Super Court of India striked down the controversial statement of the BCCI.
The other directors of the company are Subramanian Palaniappan, Ramgopal Kalathingal, Sabaretnam Lakshmanan, Srinivasan Ranganathan, Kalidaikuruchi Subramaniam Viswanathan, Kalyanasundaram Balasubramanyam and Rakesh Singh as per zaubacorp.com.
In 2008, the franchise was bought for $91 million, becoming the third most expensive franchise after Mumbai Indians and Royal Challengers Bangalore. As of December 2019, CSK has a brand value of about INR 646 crore.
Chennai Super Kings reported its total revenue of INR 350 crore in FY20 which is 15% down from the previous year’s revenue i.e INR 410 crore in FY19. The decline was largely on account of the reduction of income from the grant of central rights from the BCCI.
The Income from Grant of Central Rights was reduced to INR 240 crore from INR 294 crore. This significant drop was reflected in the company’s other parameters as well.