Five-time IPL champions Chennai Super Kings set to have new investors; Big Indian conglomerate expresses interest

 

CSK) might see new investors within the next three years of the Indian Premier League (IPL). The sources close to the developments revealed Khel Now that a large Indian conglomerate has expressed its desire to get a stake in the franchise. 

According to the people in the know, the Indian conglomerate that has shown interest has a multi-dimensional business in India, along with multi-sports investments. The deal might be a minor stake, a major stake, or a complete takeover of five-time champions CSK. 

Currently, the franchise is owned by Chennai Super Kings Cricket Limited (CSKCL), a publicly listed company. But, there are stakes for several others as well in the franchise. The India Cements Shareholders’ Trust, Sri Saradha Logistics Private Limited, Life Insurance Corporation of India (LIC) and Reliance Capital Trustee hold a stake in the franchise.