CSK sold for ₹5 Lakhs; creates yet another IPL controversy

CSK priced at a meagre ₹5 Lakhs

With the Supreme Court of India raising the problem of conflict of interest against N.Srinivasan for holding the top job with India Cements, the firm that owns the Chennai Super Kings at the time of being the ICC Chairman, the IPL franchise was sold to a subsidiary of India Cements before the ongoing tournament kicked off.

The problem is the valuation of the most successful team at a meagre ₹5 Lakhs! Yes, that was the official quoted amount for the sale. The new IPL governing council have not ratified the sale of the side that was estimated at a massive ₹450 Crores by a US-based consultancy in 2014.

Enforcement Directorate (ED), a special wing of the Indian government will conduct a discreet examination on the same, reports India Today.

A side of superstars, one can call the Supre Kings boasts a horde of highly reputed international stars including Indian ODI captain Mahendra Singh Dhoni and New Zealand skipper Brendon McCullum. 

Australian great Michael Hussey, India's regular middle-order batsman Suresh Raina and South Africa's senior player Faf du Plessis make the CSK squad.

Notably, 5% of the side's sale amount should be given to the BCCI and it only amounts to ₹25,000 for the quoted price.

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