Chennai Super Kings has a reason to cheer! IPL to resume from Sept in UAE

Chennai Super Kings has a reason to cheer! IPL to resume from Sept in UAE

About Chennai Super Kings

The Chennai Super Kings (CSK) is an Indian Premier League (IPL) franchise cricket team headquartered in Chennai, Tamil Nadu (IPL). The team was founded in 2008 and plays its home games at M.A Chidambaram in Chennai.

Overview of CSK

After a two-year ban from the IPL, which began in July 2015, due to their owners’ suspected participation in the 2013 IPL betting controversy, the Chennai Super Kings returned in 2018, winning the championship in their comeback season, their third overall, tying Mumbai Indians for the most IPL titles won. Mahendra Singh Dhoni leads the team as captain.

The ongoing edition of the Indian Premier League has been suspended because of a surge in Covid-19 second wave in the country (IPL NSE -0.78 percent ). The cricket competition has been postponed indefinitely due to the positive Covid test results of at least half a dozen players and support workers from various teams.

Insights of CSK IPL standing

According to Brand Finance research, one of the major boosts for the IPL this year was the 11 percent increase in television viewing. Over 200 million people followed the tournament on digital platforms like Hotstar. Cricket fans who were unable to purchase tickets to attend the games in person could watch the action at 36 specially designated Fan Parks across the country. Fan Parks, which were family-friendly and open to the public, provided music, entertainment, and a variety of goods stalls, bringing stadium atmosphere to city centers on a wider scale than ever before,” according to Brand Finance research. 

According to the Brand Finance Report, the Chennai Super Kings’ share price as of 2018 was assessed to be $65 million, making them the most valuable franchise in the IPL.

Franchises will get 50% of the above sum after deducting production expenses incurred during the season as a result of these rights throughout the next 5-year term. For the same term, the league also secured a big title agreement with VIVO worth Rs. 2199 crore. (From 2018 until 2022). 

The BCCI-IPL will pay your franchise approximately Rs 1000 crore in central revenue over the next five years as a result of a mix of sponsorship and media rights. Franchisees must, however, share 20% of their profits with the BCCI. 

In the unlisted market of India, the stock of CSK unlisted share, the MS Dhoni-led multi-time IPL champion, has proven to be a multi-bagger. Between 2018 and 2020, the stock increased 400% in less than two years, trading at Rs 48-50 from Rs 12-15.  

On demerger, the shareholders of India cements limited (a publicly-traded firm) received shares in the Chennai Super Kings. CSK’s share price has profited substantially from its unique value offer, which includes a strong brand, a large fan following, a higher entrance barrier, and an ever-increasing viewership of the game. 

CSK would be the 1st listed cricketing entity on BSE/NSE. It is safe to buy unlisted shares if dealt with and contacted properly and after knowing the details of the team. The reason for the shoot up in unlisted shares of CSK is since  RK Damani held 2.39 percent (73,69,263 shares) of the company as of March 31, 2019. His shareholding increased by 55 basis points to 2.94 percent (90,69,263 shares) as of March 31, 2020. The addition of a ninth IPL franchise, which has led to an increase in the revenue of the teams.

The good news is that most of these competitions are insured. It had been insured in the coverage for disruption last year, but it’s unclear whether the current situation or voluntary suspension is covered by the claims this year. But looking at the record it is safe to buy unlisted shares.

CSK is the only sports team in India, of which shares are available for public investment, and garners great interest due to past performances.  

If you buy unlisted shares in India then you must invest them with us. Babli Investment has a reputation for not letting its clients go down. It has always provided safe and secure information if you have to invest in any unlisted shares of India. For more updates check out our blog post.