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The etymology of the term is the legendry Barcelona vs Real Madrid rivalry that takes place in football and is a competition between two immensely popular teams whose encounter is a festival. The MI vs CSK rivalry creates an equivalent impression on the cricket fans, which makes it the biggest rivalry in T20 history. 

Of the 10 IPL titles Mumbai Indians and Chennai Super Kings have won between themselves, it is not dominance; it is a monopoly. MI has a minor head-to-head advantage of 21 wins vs CSK 18 in almost 40 encounters that are neither too competitive nor too spicy. 

These two teams have been involved in the IPL final on four occasions (more than any other two teams), with Mumbai emerging victorious in three of those finals, and a 1-run win being as close as possible in 2019. 

Business numbers tell the entire story: one MI vs CSK match attracted 174 million television viewers and 715 million digital viewers and a high simultaneous number of 63 million spectators. A match between these two parties just sells.

Records, finals, legends, thrillers—it is not a mere match, CSK vs. MI. It's an event.