10 richest football clubs in South Africa PSL in 2024

Nancy Marende

The richest football clubs in South Africa have produced some of the wealthiest soccer players in the country. This is because the government and the club owners invest heavily in these football teams.

Apart from government support, these rich football clubs in South Africa also make their money through sponsorship deals, selling players, tournament tickets, and advertisements.

Here, you’ll learn about the top 10 richest football clubs in South Africa, their net worth, and their owners. 

1. Mamelodi Sundowns – $11 million

Memelodi Sundowns fans
Image: Twitter/Masandawana
  • Country: South Africa
  • Founded: 1970
  • Chairman: Thlopie Motsepe
  • Play ground: Loftus Versfeld Stadium

Mamelodi Sundowns doubles as the richest football club in South Africa and the richest PSL club. It has a net worth of $11 million.

The Pretoria-based club was founded in 1970. Initially, the club was known as Marabastad Sunddowns until it was officially renamed Mamelodi Sundowns in 1970.

The Sundowns are currently the PSL’s most successful club, with 16 titles in total, 13 in Premier League and 3 in the National Soccer League

Mamelodi became the first South African team to compete in the FIFA Club World Cup in 2010. 

In 2016, the Sundowns won the CAF Champions League and were voted the CAF Club of the Year in 2017. They also won the CAF Super Cup in 2017.

2. Kaizer Chiefs – $9.1 million

Kaizer Chiefs fans
A section of Kaizer Chiefs fans during a past match. Image: Lefty Shivambu/Getty Images
  • Country: South Africa
  • Founded: 1970
  • Chairman: Dr. Kaizer Motaung
  • Playground: FNB Stadium

Kaizer Chiefs, who play their matches at FNB Stadium, is the 2nd richest football club in South Africa, with a market value of $9.1 million.

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The Johannesburg-based team was established in 1970 by the club owner, Kaizer Motaung, shortly after his return from playing for Atlanta Chiefs in the United States.

Kaizer Chiefs plays in the Premier Soccer League. It’s the most decorated team in South Africa, with 78 club trophies and 13 league titles. 

Kaizer is also one of the clubs with the largest fan base of over 40 million supporters in South Africa.

3. AmaZulu FC – $9 million

Amazulu FC
Amazulu FC. Image: Twitter/AmaZuluFootball
  • Country: South Africa
  • Founded: 1932
  • Chairman: Sandile Zungu
  • Playground: Moses Mabhida Stadium

AmaZulu FC is a Durban City-based club in the Premier Soccer League. Founded in 1932, AmaZulu is one of the oldest football clubs in South Africa.

With a net worth of $9 million, AmaZulu is the 3rd richest football club in South Africa. The club was established by Zulu migrant workers who called it Zulu Royal Conquerors. It was renamed to Zulu Royals by then Zulu King, Solomon.

AmaZulu plays in the PSL. In 2012, to celebrate their 80th anniversary, AmaZulu played a friendly match with Manchester United but lost 0-1. 

The team also finished second in the CAF Champions League in the 2020/21 season.

4. SuperSport United F.C – $7.9 million

SuperSport United F.C logo
SuperSport United F.C logo
  • Country: South Africa
  • Founded: 1994
  • Chairman: Khulu Sibiya
  • Playground: Lucas Moripe Stadium

Also known as Matsatsantsa by their fans, SuperSpot FC is a subsidiary of SuperSport TV. SuperSport was founded in 1994 and plays its home matches at Lucas Moripe Stadium.

The team was originally called Pretoria City before its purchase by M-Net in 1994, when it was renamed. SuperSport FC plays in PSL and has several youth academies.

Their youth academies have produced some of the best players, such as Daine Klate and Ronwen Williams. 

SuperSport is currently the 4th richest football club in South Africa, with a net worth of $7.9 million.

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5. Bidvest Wits FC – $7.4 million

Bidvest Wits Football Club logo
The Bidvest Wits Football Club logo
  • Country: South Africa
  • Founded: 1921
  • Chairman: Jose Ferreira
  • Playground: Bidvest Stadium

Bidvest Wits FC are nicknamed Clever Boys due to their close association with the University of Witwatersrand. 

The University Students Representatives Council of Witwatersrand University established the team in 1921.

Wits played in various local tournaments and was promoted to the National Football League in 1975. In 1978, the team became the Mainstay Cup champions.

They have won the Nedbank title 2 times, the Telkom Knockout 3 times, and the MTN 8 3 times. Wits were the 2016-17 PSL champions.

In 2020, the Clever Boys sold their status to the Tshakhuma Tsha Madzivhandila (TTM) and are now at the ABC Motsepe League. 

The club has an estimated market value of $7.4 million, making them 5th richest in South Africa.

6. Orlando Pirates – $6.9 million

Orlando Pirates fans
Fans of Orlando Pirates. Photo: Shiraaz Mohamed/Getty Images
  • Country: South Africa
  • Founded: 1937
  • Chairman: Irvin Khoza
  • Playground: Orlando

Orlando Pirates is a close rival of the Kaizer Chiefs and plays in the PSL. The club was established in 1937 in Orlando East, Soweto, by youths of gold mine immigrants. 

It has evolved ever since and has a net worth of about $6.9 million.

Orlando Pirates are the first in the history of the Premier Soccer League to win three major leagues consecutively: the ABSA Premiership, Top 8 Cup MTN 8, and the FA Cup Nedbank Cup.

The Pirates also won the 1995 CAF Champions League and were runners-up in the 2015 and 2021 CAF Confederation Cup.

7. Cape Town City F.C – $5.8 million

Cape Town F.C
Players from Cape Town F.C celebrating after scoring during a match
  • Country: South Africa
  • Founded: 2016
  • Chairman: John Comitis
  • Playground: Cape Town Stadium

Cape Town F.C. was originally formed in 1962 and was known as Mpumalanga Black Aces. The club underwent financial constraints and was almost wiped out.

In 2016, John Comitis bought the club and heavily invested in the team to revive it. The team is the 7th richest football club in South Africa, with a market value of $5.8 million.

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Cape Town FC plays in the PSL and the DStv Premiership, where they finished 3rd in the 2022-23 season. They were also the 2016 Telkom Knockout Cup champions and the 2018 MTN 8 winners.

8. Lamontville Golden Arrows F.C – $6.5 million

 Lamontville Golden Arrows F.C
Lamontville Golden Arrows F.C. celebrating after scoring.
  • Country: South Africa
  • Founded: 1943
  • Chairman: Mato Madlala
  • Playground: Sugar Ray Xulu Stadium, Durban

The 8th richest club Lamontville Golden Arrows F.C. was founded in 1943 in the streets of Lamontville, Durban. 

The team played in the now-defunct National Professional Soccer League until their relegation in 1976.

They then played in the Second Division but were cast out in 1980 after being involved in a major football scandal. After winning the National First Division in 2000, the club returned to the limelight and was promoted to the PSL.

In 2009, Lamontiville Golden Arrows were crowned the MTN Champions. Lamontville competes in DStv Premiership, where they finished 9th in the 2022-23 season. 

The club has a market value of $6.5 million.

9. Bloemfontein Celtic FC – $5.1 million

Bloemfontein Celtic FC players
S.A’s Bloemfontein Celtic FC Players during training
  • Country: South Africa
  • Founded: 1969
  • Chairman: Siwelele Park Ground
  • Playground: Khumo Molahlehi

Bloemfontein Celtic was established in 1969 and plays in the ABC Motsepe League. 

The club was founded and managed by Norman Mathobisa and Victor Mahatane, who sold it in the ‘80s due to financial challenges.

In 2003, Celtic became First Division champions and regained their PSL status, which they had lost for three years. 

They also crowned the 2005 SAA Supa 8 and 2007 Telkom Charity Cup champions. Bloemfontein Celtic has an estimated net worth of $5.1 million.

10. Chippa United F.C – $4.4 million

Chippa United F.C
A lineup of Chippa United F.C Players
  • Country: South Africa
  • Founded: 2010
  • Chairman: Siviwe Mpengesi
  • Playground: Nelson Mandela Bay Stadium

Chippa F.C. is a relatively new club formed in 2010 when Chippa Mpengesi bought a Vodacom League club from Mbekweni Cosmos. 

Chippa Investment Holdings solely owns the club. F.C. Chippa plays in the PSL while their reserve team plays for the PSL’s reserve league.

In their first season, the team won the Western Cape Vodacom League and the Vodacom League National Coastal Stream. 

This made the team qualify to Compete in the National First Division. They finished 2nd in the National First Division and were promoted to play in the PSL.

In 2011, Chippa was named Vodacom League National Champions. Currently, Chippa F. C’s market value is estimated at $4.4 million, making it the 10th richest football club in the country.

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