Top 10 richest football clubs in South Africa in 2023 listed

Top 10 richest football clubs in South Africa in 2023 listed

Helix Odhiambo, Cyprine Apindi
updated at May 6, 2023 at 10:46 AM

Did you know the most popular mainstream sports in South Africa are football, rugby, and cricket? The country is home to multiple sports clubs, and football clubs are among the richest. Many people wonder what the richest football club in South Africa in 2023 is. Today, you will find an answer.

Richest football clubs in South Africa
Photo: canva.com (modified by author)
Source: UGC

The richest football club in South Africa is worth millions of South African Rand. It competes in the South African Premier Division, commonly known as the PSL. Discover which one it is and more details about the top football teams in the country.

Richest football club in South Africa: top 10 list

There are multiple football leagues in contemporary SA. These teams make money from multiple ventures, including brand sponsorships and television rights. Discover the top 10 richest football clubs in South Africa today.

10. Chippa United - R63.83 million

richest football club in South Africa
Chippa United FC players are pictured on the field. Photo: @Chippa United Football Club
Source: UGC
  • Full name: Chippa United Football Club
  • Nickname: Chilli Boys
  • Chairman: Siviwe Mpengesi
  • Location: Gqeberha, Eastern Cape
  • Year founded: 2010

Chippa United is one of the top 10 richest teams in the PSL, with an estimated net worth of R63.83 million. Chippa FC has been running since 2010. Initially, it was based in the Nyanga suburb of the city of Cape Town. Today, it is based in Gqeberha.

9. Bloemfontein Celtic - R73.99 million

  • Full name: Bloemfontein Celtic Football Club
  • Nicknames: Phunya Sele Sele or Siwelele
  • Owners: Norman Mathobisa and Victor Mahatane
  • Location: Bloemfontein
  • Year founded: 1969

Bloemfontein Celtic is simply known as Celtic. While the players in this team do not compete in the PSL, the team is among the richest in the country. It is worth an estimated R73.99 million. Celtic competes in the ABC Motsepe League.

8. Cape Town Spurs - R76.14 million

  • Full name: Cape Town Spurs FC (formerly known as Ajax Cape Town)
  • Nickname: Urban Warriors
  • Chairman: Ari Efstathiou
  • Location: Parow, Cape Town
  • Year founded: 1970

Cape Town Spurs plays in the National First Division. AFC Ajax was its parent club and majority shareholder after a merger of Cape Town Spurs and Seven Stars in January 1999. Ajax sold its shares in September 2020. Today, the FC is worth an estimated R76.14 million.

7. Tshakhuma Tsha Madzivhandila FC - R107.36 million

richest football club in South Africa
Four Tshakhuma Tsha Madzivhandila players are pictured on the field. Photo: @Tshakhuma Tsha Madzivhandila FC
Source: UGC
  • Full name: Tshakhuma Tsha Madzivhandila Football Club
  • Nicknames: TTM FC or Vhadau vhadamani
  • Owner: Lawrence Mulaudzi
  • Location: Thohoyandou, Limpopo province
  • Year founded: 2020

Tshakhuma Tsha Madzivhandila FC plays its home matches at the Thohoyandou Stadium. In 2020, the club purchased the Premier League status of Bidvest Wits. Today, TTM FC is worth about R107.36 million.

6. Cape Town City - R159 million

top 10 richest teams in the psl
Three Cape Town City stars smiling for a picture. Photo: @Cape Town City FC
Source: UGC
  • Full name: Cape Town City Football Club
  • Nicknames: The Citizens or Blue and Gold Army
  • Owners: Michel Comitis and John Comitis
  • Location: Cape Town
  • Year founded: 2016

Cape Town City is one of the top 10 richest teams in the PSL in 2023. Its estimated net worth is R159 million. The original club was established in 1962. It was reformed and rebranded in 2016. It plays its home matches at Cape Town Stadium.

5. Supersport United - R170 million

Which is the richest soccer team in Africa?
Some Supersport United team members posing for a picture before a match. Photo: @SuperSport United FC
Source: UGC
  • Full name: SuperSport United Football Club
  • Nickname: Matsatsantsa (The Swanky Boys, The Trendsetters)
  • Chairperson: Khulu Sibiya
  • Location: Atteridgeville, Pretoria
  • Year founded: 1985

Supersport FC is an association football club fully owned by SuperSport, a South African group of television channels. It is one of the top 10 teams with the most trophies in South Africa in 2023, and its estimated net worth is R170 million. The club was originally known as Pretoria City.

4. AmaZulu - R173 million

What is the biggest football team in South Africa?
AmaZulu stars before a game against Dondol Stars. Photo: @AmaZuluFootball
Source: UGC
  • Full name: AmaZulu Football Club
  • Nicknames: Usuthu or Amaqhawe
  • Chairperson: Sandile Zungu
  • Location: Durban, KwaZulu Natal
  • Year founded: 1932

AmaZulu plays in the PSL, i.e. the first tier of the SA football league system. It is one of the oldest clubs in the country. It was formed by Zulu migrant workers in 1932. Today its estimated net worth is R173 million.

3. Kaizer Chiefs - R262 million

What is the richest team in the PSL?
Kaizer Chiefs players and officials posing for a picture. Photo: @Kaizer Chiefs
Source: UGC
  • Full name: Kaizer Chiefs Football Club
  • Nicknames: AmaKhosi, The Phefeni Boys, Abafana Bok'thula Noxolo, or The glamour boys
  • Owner: Kaizer Motaung
  • Location: Naturena, Johannesburg South
  • Year founded: 1970

The Chiefs have won 13 league titles and over 78 club trophies since 1970. They hold the most trophies amongst all clubs in SA. Today, Kaizer Chiefs is worth about R262 million.

2. Orlando Pirates - R325.9 million

Which is the richest team in South Africa?
Orlando Pirates stars during a training session. Photo: @OrlandoPirates
Source: UGC
  • Full name: Orlando Pirates Football Club
  • Nicknames: The Sea Robbers, The Buccaneers, Bucs, Happy People, Zimnyama Ngenkani, or Mabakabaka
  • Chairperson: Irvin Khoza
  • Location: Houghton suburbs of Johannesburg
  • Year founded: 1937

The Buccaneers play their home matches at Orlando Stadium in Soweto. The club's performance over the years has inspired young footballers to strive to play the game at the highest level. The club is worth about R325.9 million in 2023.

1. Mamelodi Sundowns - R382 million

richest football club in South Africa
Mamelodi Sundowns players celebrating a win. Photo: @sundownsfc
Source: UGC
  • Full name: Mamelodi Sundowns Football Club
  • Nicknames: Bafana Bafana, Masandawana, Ka bo Yellow, or The Brazilians
  • Owner: Patrice Motsepe
  • Location: Mamelodi, Pretoria, Gauteng
  • Year founded: 1970

Mamelodi Sundowns is arguably the richest football club in South Africa in 2023, with an estimated net worth of R382 million. The team plays its home games in the Loftus Versfeld Stadium.

Recap of the richest football clubs in South Africa

Rank

Name

Estimate worth

1

Mamelodi Sundowns

R382 million

2

Orlando Pirates

R325.9 million

3

Kaizer Chiefs

R262 million

4

AmaZulu

R173 million

5

Supersport United

R170 million

6

Cape Town City

R159 million

7

Tshakhuma Tsha Madzivhandila

R107.36 million

8

Cape Town Spurs

R76.14 million

9

Bloemfontein Celtic

R73.99 million

10

Chippa United

R63.83 million

Which is the richest team in South Africa?

The wealthiest football team in the country is Mamelodi Sundowns. The team is worth about R382 million.

What is the richest team in the PSL?

The richest team in the PSL is Mamelodi Sundowns. It has an estimated net worth of R382 million in 2023.

What is the biggest football team in South Africa?

Kaizer Chiefs are arguably the biggest team based on performance. The team has won 13 league titles and bagged over 78 club trophies.

Which is the richest soccer team in Africa?

The richest football team in Africa is Al Ahly of Egypt. The team has a market value of 25.5 million euros.

Which is the richest football team in the world?

Manchester City is the wealthiest football club in the world in 2023. It is worth about €731 million.

Knowing the richest football club in South Africa is important for every football fan in SA. Has your favourite team appeared on the list? Share your thoughts with us in the comment section.

READ ALSO: Ranking the best African players in the Premier League in 2023

Sportsbrief.com recently published a list of the best African players in the Premier League in 2023. The Premier League is home to some of the most talented football players in the world, including many from Africa.

The Premier League has always been a league known for its diversity and inclusivity, and African players have played a crucial role in its success. Some African players have left an indelible mark on the league.

Authors
Helix Odhiambo photo
Helix Odhiambo
Helix Odhiambo is an award-winning Kenyan journalist and content creator with over 6 years of experience. In 2016, he won the Goal Blaze Correspondent Award for young writers.
Cyprine Apindi photo
Cyprine Apindi
Cyprine Apindi is a content creator and reporter with over 4 years of experience based in Kenya. She holds a Diploma in Mass Communication from Kenyatta University.