CSK Shares Surge 25% After Rajasthan Royals Sale; Investors Eye Cricket Teams

• Unlisted shares of Chennai Super Kings (CSK) surged over 25% following multi-billion dollar deals for Royal Challengers Bengaluru and Rajasthan Royals.
• The combined $3.41 billion deals for RCB and Rajasthan Royals have shifted market sentiment, highlighting IPL franchises as significant investment opportunities.
• CSK's share price rose from ₹250-260 to ₹315 in days due to high investor demand, with its market cap estimated at ₹11,000 crore in the grey market.
• Market experts believe CSK, a 'legacy franchise' with strong brand value, could have a valuation equal to or higher than RCB's.
• The IPL's total business value has reached $18.5 billion, with a 13% annual growth, and its brand value is now $3.9 billion.