Chennai Super Kings Cricket Limited (CSKCL), which owns and operates the Chennai Super Kings, has expressed its interest in buying a team in South Africa’s new T20 league, #T20 Global Destination League.
Speaking to The Times of India, K George John, one of the directors of CSKCL, revealed the company has showed ‘expression of interest’ to Cricket South Africa (CSA) earlier this month.
Last week, the CSA had confirmed it received more than 150 expressions of interest for ownership of the eight teams in the league. They further added the majority of interest emanated from South Africa (39%) and India (35%).
“We have informed them about our interest. It’s the first step to take. However, we haven’t yet got the bidding documents. We had a very good fan following when the IPL happened in South Africa in 2009. But nothing has been finalized as of now and we will have a clear picture closer to the deadline (April 18) for submission of bids,” John said.
Speaking on the plans of the company, John added:
“As of now we have only thought of expanding and building the brand globally.”
He further said the plan to buy a new overseas team had nothing to do with the suspension of CSK from the Indian Premier League. The Chennai-based outfit, which along with Rajasthan Royals was suspended in 2015 for the alleged involvement in betting scandal, will return to the league next year.
“We wanted to explore opportunities, see new markets, analyse and research the financial aspects,” he explained.
Indian investors, in the past, have bought overseas team too. A couple of year ago, Red Chillies Entertainment, (co-owned by Shah Rukh Khan, Juhi Chawla and Jay Mehta), who own the Kolkata Knight Riders, acquired the Trinidad and Tobago franchise, and renamed it Trinbago Knight Riders.