Stalin’s Rule Over TNCA As Srinivasan Pads Up To Keep Damani At Bay, With India Cements & CSK At Stake

In the course of a momentous year we broke the story that the former cricket head honcho N Srinivasan was prepared to give up control over Tamil Nadu Cricket Association (TNCA) as he had other battles to fight. Soon, his daughter resigned as President citing other commitments and it confirmed our story that Srinivasan had given the TNCA reins to DMK for a quid pro quo. In what is a done deal, it is up to TN Chief Minister MK Stalin to decide who will head TNCA – his son-in-law Sabareesh or the young gun in his party who is already in TNCA. In a battle with the corporate raider Radhakishan Damani, Srinivasan would need the help of the ruling party to ensure it is not a hostile takeover of India Cements. What he needs most is the Chennai Super Kings, the billion-dollar baby he always knew would bring him plenty of trouble in cricket because of a conflict of interests and he would like his daughter Rupa to be the honcho there. What makes India Cements ripe for a corporate raid is the cross-ownership of CSK through a shareholders’ trust. There are complications like some residences of top honchos or parts of them in the Tony Boat Club area in Chennai being in ICL’s name. Will the raider not be interested in the exposure CSK would bring him than cement factories? There are interesting times ahead when this story unravels.