Chennai Super Kings have won two IPL and two Champions League titles so far © AFP
Chennai Super Kings have won two IPL and two Champions League titles so far © Getty Images

Indian Premier League‘s (IPL) most successful team Chennai Super Kings (CSK) could have a potential buyer as tyre-manufacturers MRF is likely to take over ownership of the franchise. India Cements has however is yet to seek the permission of the Board of Control for Cricket in India (BCCI) for the paperwork to begin and it is likely to get sorted out before the beginning of IPL Governing Council meeting, scheduled to be on February 9.

MRF has a long standing association with cricket and the Tamil Nadu Cricket Academy (TNCA). MRF has also set up a pace academy in Chennai, which nurtures young fast bowlers. It also has a team in the senior division of the TNCA league Entrepreneur Varun Manian, who is a close aide of former BCCI President N. Srinivasan is also in the race to buy a stake in the franchise, according to The Asian Age.

The fate of CSK is now in the hands of the three-member panel of the elite judges, which was appointed by the Supreme Court. They prospective buyers will first have to take the permission of the judges before they are given a go ahead. The Supreme Court had earlier barred Srnivasan from contesting in the upcoming BCCI presidential elections and also ordered the BCCI to hold elections within six weeks of the order.