There can be several outcomes of the Indian Premier League fixing probe, constituted by BCCI to look into spot-fixing and betting allegations. NDTV lists out the three main possibilities from the results of the investigations. (Also read: In BCCI's three-member probe panel, flip-flop and signs of pressure)
Firstly, if Gurunath Meiyappan - son-in-law of BCCI chief N Srinivasan and former team principal of Chennai Super Kings - is found guilty of fixing, the two-time IPL winning franchise may be suspended. While Meiyappan himself has already been suspended by the BCCI (Read here), pending the inquiry, and remains in police custody, CSK may also be suspended as per clause 12.3 of the IPL contracts for team. The clause provides for termination if a franchisee, any franchisee group company and/or any owner acts in any way which adversely affects the reputation or standing of the league, the BCCI-IPL or the game of cricket.
Secondly, if it emerges that Meiyappan was neck-deep in betting and the franchise knew about it, then the possibility of a suspension continues to linger or/and with a heavy fine.