Srinivasan's company India Cements owns IPL franchise Chennai Super Kings and the Tamil Nadu strongman might now have to relinquish his stake and ownership in the Mahendra Singh Dhoni-led popular franchise if he wants to retain his position of power as the president of BCCI.
While Srinivasan refused to speak to waiting mediapersons outside his house in Chennai, the other top BCCI officials also didn't make any comments on the Supreme Court's verdict.
"Srinivasan will certainly discuss with his legal team and take a call. The SC has given its verdict and obviously there are a lot of implications involved with any decision that is taken right now. There are underlying layers in the judgement and one needs to study it thoroughly and come to a conclusion. But I can assure you the majority of BCCI is still with Srinivasan," a senior office-bearer and Srinivasan loyalist told PTI on conditions of anonymity.
"There is a feeling in the Srinivasan camp that the SC has laid its terms and conditions but it's not that he can't contest even if he relinquishes his ownership. But yes, one can't just jump to any conclusion. We will be keeping a close watch on the proceedings. In case Srinivasan doesn't contest, majority of the eastern units will then prop up Jagmohan Dalmiya as their presidential candidate," the official said.