In this article, I will be taking you through the top 10 wealthiest football clubs in South Africa. As you must have known, the richest football clubs compete in the Premier Soccer League (PSL) top-flight and are some of the most popular names among South African football lovers.
And according to reports, the Premier Soccer League earns a lot of sponsorship revenue. Though football is not the national sport of South Africa, it still enjoys a lot of followership in the country.
With no further ado, which are the richest football clubs in South Africa at the moment? Find out below.
1. Mamelodi Sundowns – Market Value R154.7 million
As expected, topping this list with a whopping net worth value of $11 million is Mamelodi Sundowns. The club officially became a football club in the year 1970. The club gained promotion to the National Soccer League in the year 1983. Sundowns have been crowned champions of the Premier Soccer League a record 8 times. It is the reigning champion of the top division of South African club football.
The club is currently the most successful club playing in the PSL. Patrice Motsepe purchased the club in the year 2004. Since the creation of the Premier League Soccer in 1996, the Pretoria based club have won the PSL title for a record eight times.
In 2016, they were crowned CAF Champions League champions and were rewarded as the 2016 CAF Club Of The Year. It has also won the Nedbank Cup four times. Mamelodi Sundowns is still the first and only South African team to compete in the FIFA Club World Cup where they finished in 6th place.
2. Kaizer Chiefs – Market Value R123.5 million
The football club was founded in the year 1970. The Kaizer Chiefs football club has been crowned champions of the Premier Soccer League four times. It is the most supported football team in the country with well over 16 million fans supporting the club.
The club is valued to be worth $9.1 million. They have some nicknames which include “Amakhosi: a Zulu word which translates to “Chiefs” or “Lords” and also “Phefani Glamour boys”.
3. Supersport United – Market Value R107.64 million
The Pretoria based club has been in existence for more than 20 years and they have a net worth of about $7.9 million. SuperSport United was established in the year 1994 when M-Net purchased Pretoria City in the National Soccer League.
The club won the Premier Soccer League title on 3 occasions consecutively. It is owned by SuperSport, the South African group of television channels. SuperSport United plays its home games in Atteridgeville in Pretoria at the Lucas Moripe Stadium.
4. BIDVEST WITS – Market Value R100.1 million
The club was originally founded in the year 1921 making it one of the oldest football clubs in South Africa. Bidvest Wits was formerly known as Wit University FC. It is however not the same as the current Wits University FC that represents the University of the Witwatersrand based in the city of Johannesburg.
The club gained promotion to the National Football League in the year 1975. Bidvest Wits are the immediate past champions of the PSL but they have since relinquished the title to Mamelodi Sundowns who are the reigning champions.
5. Orlando Pirates – Market Value R93.34 million
The football club was established in the year 1937 in Orlando East, Soweto. The club was originally called Orlando Boys Club. The club was renamed to Orlando Pirates after it gained promotion in 1944.
Orlando Pirates has won the PSL title four times. Orlando Pirates remain the first team in the history of the Premier Soccer League to have emerged winners of 3 major trophies in one season and are also the only team since the inception of the PSL in to have always ended the season in the top eight.
6. Platinum Stars FC – Market Value R75.4 million
Platinum Stars is a South African club that was founded in the year 1998 and has gotten nicknamed Dikwena, a Tswana name for the word Crocodiles. The Phokeng based football club is owned by the Royal Bafokeng Nation and has an estimated net worth of about $6.1 million.
7. Cape Town City – Market Value R72.54 million
The Cape Town-based club has a net worth of about $5.8 million. The club was reformed and renamed after the Mpumalanga Black Aces were bought in the year 2016. The team was renamed and then relocated to Cape Town. Cape Town City F.C plays their home games at the Cape Town Stadium in the Green Point area of Cape Town which has a capacity of 55,000.
8. Bloemfontein Celtic – Market Value R63.44 million
Based in Bloemfontein, with a large fan base in the Free State, Bloemfontein Celtic comes eight on the ranking list. This SA club is based in Bloemfontein and was founded in the year 1969 by Norman Mathobisa and Victor Mahatane. Celtic have a net worth of about $5.1 million
9. Chippa United FC – Market Value R54.34 million
Chippa United is owned by Chippa Investment Holdings, a Cape Town-based construction, security, and cleaning company. The name Chippa United FC was registered in 2010.
In 2012, Chippa finished its debut NFD season in 2nd place and gained promotion to the PSL, via the playoffs. The club ended the 2012/13 PSL season in 15th place and got relegated. The club won the NFD in the 2013/14 season and got promoted back to the Premier Soccer League.
10. Ajax Cape Town – Market Value R52.39 million
Ajax Cape Town is based in Parow. Ajax Cape Town football club was formed in the year 1999 when two Cape Town-based teams, Seven Stars and Cape Town Spurs were amalgamated. The club has regularly featured in the PSL since the 1999/00 season but, unfortunately, has never won the league.
The Parow based club has a net worth of $4.2 million. Their parent club is known as AFC Ajax which plays in the Dutch Eredivisie. The SA club is nicknamed Urban Warriors.