Chennai Super Kings earns the tag of India’s First Unicorn Sports Enterprise // Some Information about Chennai Super Kings and Unicorn Status // 2022 Current Affairs //

 Chennai Super Kings earns the tag of India’s First Unicorn Sports Enterprise:

Chennai Super Kings(CSK) earns the tag of India’s First Unicorn Sports Enterprise as its market cap touched a high of Rs 7,600 crores. In the grey market, One share of Chennai Super Kings is trading in the price band of 210-225. Indian Cement is the major stakeholder of this IPL cricket franchise. It is interesting to point out that The M.S Dhoni-led CSK now has a market cap more than its parent entity. Indian Cement's market cap stands at Rs 6,869 crores.

Reason for such a high Market Cap of CSK?

• Mahendra Singh Dhoni, the captain of the CSK team is one of the most popular figures in the world sports arena.

• CSK is the most consistent team in terms of IPL match win percentage and stand second in term of Cup-winning.

• Two new teams were added for the upcoming IPL at a record price resulting in a domino effect.

SPECIAL NOTES FOR ASPIRANTS:

• Most IPL cup winner- Mumbai Indians(5 times)

• Current IPL cup holder- CSK(2021)

• Most Runs in IPL- Virat Kohli

• Most Wicket in IPL- Lasith Malinga

• IPL Governing Council Chairman: Brijesh Patel

• Any company with a valuation over $1 billion USD is termed a Unicorn Company.