Jack Edwards, Livingstone join CSK as Khaleel, Ellis go to SRH
By Elena D’SouzaStartups & Innovation Correspondent, Peepals Global
Representative image: marinacath / Pixabay
CSK and SRH completed a four-player IPL 2027 trade on 5 November 2026: Liam Livingstone and Jack Edwards to CSK, Khaleel Ahmed and Nathan Ellis to SRH.
What Happened
Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH) have completed a four-player trade ahead of the 2027 Indian Premier League (IPL), the league announced on Thursday, 5 November 2026. CSK receive Liam Livingstone and Australian seam-bowling all-rounder Jack Edwards; SRH receive bowlers Khaleel Ahmed and Nathan Ellis. Livingstone moves at a fee of Rs 6 crore, less than half the Rs 13 crore SRH paid for him, according to the IPL's announcement. The trade comes before the deadline for teams to submit retention lists, which has been moved to 17 November, and the players' auction on 16 December.
Key Facts
- Teams: Chennai Super Kings and Sunrisers Hyderabad; announced 5 November 2026.
- To CSK: Liam Livingstone (Rs 6 crore) and Jack Edwards (Rs 3 crore).
- To SRH: Khaleel Ahmed (Rs 4.8 crore) and Nathan Ellis (Rs 2 crore).
- Livingstone's fee falls from the Rs 13 crore SRH originally paid, the IPL said.
- Edwards did not play in IPL 2026 after being ruled out with a foot injury, according to one report.
- Retention deadline: extended by two days, from 15 November to 17 November, because the original date clashed with the fifth India-New Zealand one-day international.
- IPL 2027 auction: 16 December 2026.
Why It Matters
Trades between IPL teams are becoming a bigger part of how squads are built before each season. Instead of releasing players into the auction and hoping to buy replacements, teams can swap players directly. For CSK, the deal brings batting and all-round depth. For SRH, it adds two bowlers to its attack.
The fees tell part of the story. Livingstone moves at Rs 6 crore, far below the Rs 13 crore he fetched earlier, which makes him a lower-risk signing for CSK and frees money in SRH's budget. Every rupee saved matters because each team must work within a fixed purse at the auction, and money not spent on retained or traded players can be used to bid for new ones on 16 December.
Not all fans were convinced. Some CSK supporters questioned why the team gave up Ellis and Khaleel, and one report framed the deal as CSK effectively releasing two bowlers. How it works out will only be clear once the new season begins.
For Indian fans, the deal also opens the trade season. Other teams are reported to be in talks about bigger names, and the retention lists due on 17 November will show which players head to the auction pool.
Peepals calculation: Livingstone's new fee of Rs 6 crore is about 54% lower than the Rs 13 crore SRH paid (7 ÷ 13 ≈ 0.54). On the reported fees, CSK take on players worth Rs 9 crore (6 + 3) and send out players worth Rs 6.8 crore (4.8 + 2), so their wage bill rises by about Rs 2.2 crore, while SRH's falls by the same amount. Our calculation from the reported figures.
| Player | From | To | Fee (reported) |
|---|---|---|---|
| Liam Livingstone | SRH | CSK | Rs 6 crore |
| Jack Edwards | SRH | CSK | Rs 3 crore |
| Khaleel Ahmed | CSK | SRH | Rs 4.8 crore |
| Nathan Ellis | CSK | SRH | Rs 2 crore |
Impact
Short-term: Both teams update their squads before the 17 November retention deadline. SRH gain about Rs 2.2 crore of room, on the reported fees, for the auction.
Long-term: The trade will be judged on next season's results: whether Livingstone and Edwards strengthen CSK, and whether Khaleel and Ellis lift SRH's bowling.
Who is affected: The four players, CSK and SRH, their fans, and other teams planning trades and auction strategies.
What to watch next: IPL teams' retention lists, due on 17 November 2026, and the IPL 2027 auction on 16 December.
Key Takeaway
CSK have traded Khaleel Ahmed and Nathan Ellis to SRH for Liam Livingstone and Jack Edwards, with Livingstone's fee cut to Rs 6 crore from Rs 13 crore, ahead of IPL 2027.
Questions and Answers
Which players are in the CSK-SRH trade?
Liam Livingstone and Jack Edwards move from Sunrisers Hyderabad to Chennai Super Kings, while Khaleel Ahmed and Nathan Ellis move from CSK to SRH. The trade was announced on 5 November 2026.
How much will Jack Edwards and Livingstone get at CSK?
According to the reported fees, Livingstone will be paid Rs 6 crore and Edwards Rs 3 crore.
When is the IPL 2027 retention deadline?
It has been moved to 17 November 2026 from 15 November because of a clash with the fifth India-New Zealand ODI.
When is the IPL 2027 auction?
The auction is scheduled for 16 December 2026.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Elena D’Souza, Startups & Innovation CorrespondentCovers Start-ups & Opportunities and more for Peepals Global. All stories by Elena D’Souza
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Elena D’Souza is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
