Chennai Super Kings demerged from India Cement:

The India Cement on 26 Sept 2014 approved a demerger of Chennai Super Kings the IPL Franchise it owned, into a wholly-owned subsidiary by transferring its net assets at cost. So with effect from 01.01.2015, a new wholly-owned subsidiary was incorporated with the name of Chennai Super Kings Cricket Ltd.

The shareholders of India Cement got one share of Chennai Super Kings Cricket Ltd for every one share of India Cement. India Cements had transferred its holding of CSK to India Cements Shareholders Trust with October 9, 2015, as the date fixed for allotment of the shares.

IPL Media Rights Auction Milestone (FY 23-27)

IPL witnessed a major milestone on June 15th, 2022, the IPL media rights for 2023-27 was sold for Rs 48,390 Cr by the BCCI with TV rights accounting for Rs 23,575 Cr and digital rights fetching Rs 23,758 crore for 410 matches. TV Rights for the Indian subcontinent have been sold to The Walt Disney Company India owned Star, while the digital rights have been bagged by Viacom18. The league signed a major title deal with TATA for Rs, 670 Cr.

The Five Year revenue just from IPL Media Rights stands at upwards of Rs 2400 Cr for Chennai Super Kings (CSK) from FY 2023 onwards.

IPL Media Rights for the period 2018-22: Star Sports had picked up the composite rights for Rs 16,347 Cr.

IPL Media Rights Auction Milestone (FY 18-22)

IPL witnessed a major milestone on September 4th, 2017, with Star TV winning the media rights for (2018-2022) five-year period, for staggering Rs 16,347.50 crore. By virtue of these rights, the revenue share of franchises over the next 5-year period was 50% of the above amount after deducting the production expenses incurred during the season. The league also signed a major title deal with VIVO for Rs, 2199 crore for the same period. ( 2018-2022). A combination of sponsorship and media rights ensures, your franchise will receive over Rs 1000 crore in the form of central revenue over the next five years from the BCCI-IPL. However, the Franchisees have to share 20% of the income with BCCI.

Chennai Super Kings IPL Standings:

Pre-IPO Share Price Performance of Chennai Super Kings

CSK is the only IPL cricket franchisee whose shares are on offer in the unlisted market. The stock has surged in the unlisted space by over 8x in stock value in two years to around Rs 180 in November 2021 from Rs 23 in 2019.

Peer Comparision of Chennai Super Kings with Global Team franchisees

Comparing broadcasting rights contracts of Chennai Super Kings with other major sports and leagues gives an insight into the growth potential in the industry and how well Chennai Super Kings have done so far.

According to ITW Core, the research and deep data arm of ITW Consulting Chennai Super Kings’s enterprise value (EV) is close to about Rs 7,200 crore ($960 million), approximately 19x of its FY21 revenues,. Prominent football clubs’ EVs, as listed in the Forbes Most Valuable Sports Teams of 2021, are in the range of 6-7 times their FY21 revenues (Manchester United's EV, for example, is listed as $4.2 billion and its revenues are about $643 million annually; the numbers are similar for teams such as Liverpool, Manchester City and Chelsea), says an ITW Core note.