<P> In September 2007 , the Board of Control for Cricket in India ( BCCI ) announced the establishment of the Indian Premier League , a Twenty20 competition to be started in 2008 . In January 2008 , the BCCI unveiled the owners of eight city - based franchises . The Chennai franchise was sold to the India Cements for $91 million , making it the fourth most expensive team in the league behind Mumbai , Bangalore and Hyderabad . India Cements acquired the rights to the franchise for 10 years . Former ICC Chairman N. Srinivasan was the de facto owner of the Chennai Super Kings , by means of his position as the vice-chairman and managing director of India Cements Ltd . The franchisee was transferred to a separate entity named Chennai Super Kings Cricket Ltd. , after the Supreme Court of India struck down the controversial amendment to the BCCI constitution 's clause 6.2. 4 that allowed board officials to have a commercial interest in the IPL and the Champions League T20 on January 22 , 2015 . </P>
<P> In September 2007 , the Board of Control for Cricket in India ( BCCI ) announced the establishment of the Indian Premier League , a Twenty20 competition to be started in 2008 . In January 2008 , the BCCI unveiled the owners of eight city - based franchises . The Chennai franchise was sold to the India Cements for $91 million , making it the fourth most expensive team in the league behind Mumbai , Bangalore and Hyderabad . India Cements acquired the rights to the franchise for 10 years . Former ICC Chairman N. Srinivasan was the de facto owner of the Chennai Super Kings , by means of his position as the vice-chairman and managing director of India Cements Ltd . The franchisee was transferred to a separate entity named Chennai Super Kings Cricket Ltd. , after the Supreme Court of India struck down the controversial amendment to the BCCI constitution 's clause 6.2. 4 that allowed board officials to have a commercial interest in the IPL and the Champions League T20 on January 22 , 2015 . </P>
who was the owner of chennai super kings
who was the owner of chennai super kings
N. Srinivasan
N. Srinivasan