Are you looking for a list of the richest football clubs in South Africa? If you answered yes, then this comprehensive and detailed post is for you. You will be provided complete information on South Africa’s richest soccer team 2021.
The Premier Soccer League (PSL) is the national sports organization in charge of the administration of South Africa’s professional competitions, the National First Division and the African Premier League.
South Africa is one of the African countries that puts a lot of money into football. The Premier Soccer League, which oversees the National First Division and the South African Premier Division, has a simplified structure in place.
The two leagues have pushed the local teams to produce the greatest results possible.
A team’s riches is measured not just by its successes, but also by its ability to trade in some of the most talented players.
This explains why certain clubs not only lead the standings but also house the best players.
The net value of South Africa’s richest football clubs is presented in this list.
Now, which teams have the potential to be the richest in the PSL? Check out this list if you have such a query.
Top 10 Richest Football Clubs in South Africa PSL
1. Mamelodi Sundowns – Net Worth: $24.92 Million
Mamelodi Sundowns was founded by a group of friends in the early 1960s. It became an official football club a few years later, in 1970.
After joining the Federation Professional Football League in 1973, the team enjoyed considerable success, even reaching the Coca-Cola Cup finals that year.
They were demoted to the second level, however, as the Federation Professional League backed the then-National Professional Football League. As a result, the club battled for years to earn promotion to the first flight.
According to Statista, Mamelodi Sundowns Football Club is the richest football team in South Africa, with a net value of around $24.92 million.
The club is probably one of the largest in the country, having grown by leaps and bounds since undergoing a significant overhaul in 2004.
Mamelodi Sundowns is headquartered in Mamelodi, a township in Gauteng Province northeast of Pretoria municipality.
The professional football club presently competes in the Premier Soccer League, South Africa’s top division of football leagues.
Check Out Top 15 Mamelodi Sundowns Highest Paid Players
2. Orlando Pirates – Net Worth: $21.23 Million
The Orlando Pirates Football Club is situated in the Houghton neighborhood of Johannesburg and presently competes in the Premier Soccer League, South Africa’s top-tier football league.
The club is really one of South Africa’s oldest football clubs, having been formed in 1937. The name ‘Pirates’ was inspired by the 1940 film The Sea Hawk, starring Errol Flynn.
Since its inception, the club has slowly developed to become one of South Africa’s most successful football clubs.
According to Statista, Orlando Pirates has a net value of 18.15 million Euros, which equates to $21.23 million.
Discover Top 10 Orlando Pirates Highest Paid Players
3. Kaizer Chiefs – Net Worth: $17.11 Million
Naturena, Johannesburg, is the home of Kaizer Chiefs. Amakhosi is the team’s moniker, and it competes in the Premier Soccer League. It is well-known for its rivalry with the Orlando Pirates.
Kaizer Chiefs was founded in 1970, upon the return of Kaizer Motaung from the United States. It has since evolved to be one of South Africa’s wealthiest clubs, boasting of sending a large number of players overseas.
According to Statista, the net value of Kaizer Chiefs is $17.11 million.
4. AmaZulu FC – Net Worth: $11.32 Million
AmaZulu F.C. is one of South Africa’s oldest clubs, having been formed in 1932 by several Zulu migrant laborers. Zulu Royal Conquerors was the moniker given to the group at the time.
However, once the club was presented to Zulu king Solomon, the name was changed to Zulu Royals. The shield was also included to the King’s logo.
The AmaZulu Football Club, also known simply as AmaZulu, is presently the fourth richest football team in South Africa, with an estimated net value of around $11.32 million.
The team, which competes in the Premier Soccer League, is situated in Umlazi, a suburb of Durban in the province of KwaZulu Natal. Surprisingly, one of the club’s nicknames, Usuthu, is a Zulu battle cry.
5. Supersport United – Net Worth: $11.09 Million
Supersport United FC was previously known as Pretoria City.
However, Pretoria City was purchased by M-Net in 1994, and several changes were implemented under the new management, including the acquisition of a number of high-profile local players to help improve the club’s fortunes.
M-Net eventually obtained National Soccer League clearance for the team’s name, and the club was renamed Supersport United FC. SuperSport, a South African television channel conglomerate, now owns the club.
With an estimated net value of $11.09 million, Supersport United FC is currently South Africa’s sixth richest football team.
The professional football team is situated in Atteridgeville, a township west of Pretoria in the Gauteng region, and presently competes in the Dstv Premiership.
Many of the team’s followers refer to the club as Matsatsantsa a Pitori.
6. Cape Town City – Net Worth: $10.39 Million
Cape Town F.C. was previously known as Mpumalanga Black Aces F.C., and participated in the 1960s. However, it ran into financial difficulties and nearly became extinct.
Fortunately, it was reconstituted in 2016 when the present owner, John Comitis, purchased the rights to the club, which was based at the time in Nelspruit, Mpumalanga.
The club was later transferred to Cape Town and renamed Cape Town F.C. He did this because he believed the city of Cape Town needed a true powerhouse football club that could aggressively promote the old city’s footballing skill and tradition.
Cape Town F.C. is South Africa’s sixth richest football team, with an estimated net value of $10.39 million.
The football club, which competes in the Premier Soccer League, is headquartered in Cape Town, South Africa’s oldest and second-largest city. The Cape Town Stadium hosts the club’s home matches.
7. Bloemfontein Celtic – Net Worth: $6.85 Million
Norman Mathobisa and Victor Mahatane formed the Bloemfontein Celtic Football Club in 1969.
The two men ran the club and guided it to some success until the early 1980s, when they were overcome by financial difficulties, forcing them to cede control of the club.
The club was later sold to Petrus “Whitehead” Molemela.
Bloemfontein Celtic Football Club, often known as Celtic, is South Africa’s seventh richest football team, with an estimated net value of $6.85 million.
The professional football team, situated in Bloemfontein, the Free State Province’s capital city, participated in the DStv Premiership.
The club’s home games are held at Dr. Petrus Molemela Stadium, formerly known as Seisa Ramabodu Stadium.
8. Chippa United F.C – Net Worth: $6.8 Million
Chippa United Football Club (commonly referred to simply as Chippa) is a South African professional football club headquartered in Gqeberha in the Eastern Cape region, having formerly been based in the Cape Town suburb of Nyanga.
The club’s main team presently competes in the Premier Soccer Division’s Premier Division, while the reserve team competes in the PSL’s reserve league.
The team plays the majority of its home games at Nelson Mandela Bay Stadium, with some matches held in East London’s Sisa Dukashe Stadium.
It was formed in January 2010, making it one of the Premier Soccer League’s youngest clubs. Chippa United FC has a net value of $6.8 million.
9. Lamontville Golden Arrows – Net Worth: $6.5 Million
In 1943, the group was established on the streets of Lamontville, a Durban township. In the 1970s, the team competed in the now-defunct National Professional Soccer League.
They were, however, demoted from the league in 1976. Following their relegation, the team competed in the Second Division until 1980, when they were kicked out of the National Professional Soccer League due to a significant soccer scandal.
Lamontville Golden Arrows F.C. is presently South Africa’s 9th richest football team, with an estimated net value of around $6.5 million. Durban presently serves as the home of the Premier Soccer League’s soccer team.
10. Black Leopards F.C – Net Worth: $6.1 Million
The Black Leopards Football Club was founded in 1983 by a group of businessmen from the Vhembe Region.
They continued to run the club for years, although the team had a mix of setbacks and modest victories. Years later, in 1998, the Thidiela family purchased the club.
The Black Leopards FC are currently South Africa’s 10th richest football team, with an estimated net value of $6.1 million.
The Premier Soccer League football club is situated in Thohoyandou, Vhembe Region, Limpopo.