Chennai Super Kings(CSK) Valuation

 

In order to comply with the Supreme Court order delivered in January 2015, India Cements Limited, which owns the team, proposed to transfer control of the Super Kings franchise to a trust at only Rs five lakh (approx. $8000), as part of a process to delink the former board president from the franchise
But incidentally,N Srinivasan is one of the trustees of that trust.

That proposal was approved by the previous IPL governing council at its meeting on February 27,2015 three days before Dalmiya was elected at the BCCI AGM in March 2015

However, the newly constituted IPL governing council, in its first meeting held last week in Delhi, deliberated on the Super Kings proposal and decided to bring up the matter at the working committee

 It is likely the committee may appoint an independent valuer to ensure that the board does not miss out on any transaction fee, which is mandatory under the franchise agreement.

Chennai Super Kings(CSK) Valuation and the future of the Champions League Twenty20 will be the two main items in the agenda during the BCCI's first working committee meeting under the stewardship of newly-installed president Jagmohan Dalmiya to be held in Kolkata on Sunday April 2,2015