Financial Success Crucial For Any Sports Club
One of the key reasons for the long-term success of large football clubs like Manchester United, Real Madrid, Barcelona, etc. is their financial success. None can disagree today that the long-term success of a sports club on the field is dependent on their profitability & financial success - off the field. That is why it is crucial for Chennai Super Kings to be the most financially successful club in IPL.
CSK Makes Record Revenues
And the recent reports of Chennai Super Kings shared during the quarterly reports of India Cements has a lot of 'good news' for CSK Fans. With a revenue of Rs. 138 crore in April - Sept 2010 and highest EBITDA (Earnings Before Interest, Taxes, Deductions and Amortisation) i.e. Profits are positive news to us.
These results demonstrate the club is professionally managed - both on and off the field. Only hope that the team will continue to invest its profit in the players & future CSK stars rather than ploughing the money back to the parent company.