PSL is an acronym that stands for Premier Soccer League which is the national sports association that supervises the management of the professional football leagues in South Africa. The Premier Soccer League was established after a pact between the National Soccer League and South Africa’s Premier Soccer League.
The Premier Soccer League is the regulating body and competition organizer for professional football clubs in South Africa. Not all football clubs can be deemed as wealthy, however, some football clubs are considered the richest teams in the Premier Soccer League with consideration of their estimated net worth. The Mamelodi Sundowns F.C is the richest team in the Premier Soccer League (PSL) with an estimated net worth of $11 million.
Top 10 Richest Teams in Premier Soccer League (PSL)
1. Mamelodi Sundowns F.C
The Mamelodi Sundowns FC was established in 1996 and is based in Pretoria. The team has the nickname The Brazilians and is owned by Patrice Motsepe who is a Business Mogul. The team has won the Premier Soccer League eight times and also the CAF champion’s league in 2016. Mamelodi Sundowns FC was named the CAF club of the year also in 2016.
The Team has won the Nedbank Cup four times, the National Football League three times, and the team is the only South African team to play in the FIFA Club world cup where they emerged in the 6th position. The Mamelodi Sundowns F.C was named the club of the Continent at the CAF Awards in 2017. With an estimated net worth of $11 million, Mamelodi Sundowns FC is the richest team in the Premier Soccer League.
2. Cape Town City F.C
The Cape Town City FC is a South African football club that was established in 1960 as the Mpumalanga Black Aces but renamed the Cape Town City FC in 2016. The team is nicknamed The Citizens or the Blue and Gold Army and is presently based in Cape Town, South Africa.
The club plays its home matches at the Cape Town Stadium which has a capacity of 55,000 spectators. The Cape Town City F.C is owned by Michel and John Comitis and it is one of the richest teams in PSL with an estimated net worth of $10.96 million.
3. Kaizer Cheifs F.C
The Kaizer Chiefs Football Club was established in 1970 when Kaizer Motaung, a former Orlando Pirates player moved back to South Africa from the United States. The football club is based in Johannesburg and it is nicknamed the Phefani Glamour Boys. They play their home games at the Soccer City Stadium popularly known as the FNB Stadium in Soweto.
The Kaizer Cheifs is one of the football clubs in South Africa with a huge fan base of over 16,000 people. The football club is the biggest rival of the Orlando Pirates. The club has a football academy for young players and they have bagged more than 50 club cups except for the CAF Champions League. The Football Club has an estimated net worth of about $9.1 million making it one of the richest teams in the Premier Soccer League.
4. Supersports United F.C
Formerly known as Pretoria City F.C, the Supersports United Football Club is a Pretoria-based football club that is owned by the SuperSport Television Channels. It was renamed in 1994 following its acquisition by M-Net and authorization from the National Soccer League. The club’s home matches are usually played at the Lucas Moripe Stadium in Pretoria.
However, they have chosen to play most of their home games at the Peter Makoba Stadium at Polokwane lately. Additionally, the club has an academy called the SuperSport United Youth Academy which is one of the best soccer academies in South Africa. Supersport United is a club that has been existing for over two decades and it is one of the richest teams in the PSL with an estimated net worth of about $7.9 million.
5. Bidvest Wits F.C
The Bidvest Wits Football club was established in 1921 and it was formerly known as the Wits University Football club. It is nicknamed The Students or The Clever Boys due to its close partnership with the University of Witwatersrand.
The football club is based in Braamfontein, Johannesburg and it is renowned as one of the oldest football clubs in South Africa. The club started playing in the Premier Soccer League in 1975. With an estimated net worth of about $7.4 million, the team is one of the richest teams in the Premier Soccer League(PSL).
6. Orlando Pirates F.C
The Orlando Pirates football club was established in 1937 and it is based in Houghton, Johannesburg after being formerly based in Soweto. The club’s name Pirates is derived from The Sea Hawk which is a movie that was released in 1940. The Orlando Pirates is the first football club that won 3 major cups successively in a single season.
The club is always in the top eight clubs every season. The Johannesburg- based football club is renowned to be a rival club of the Kaizer Cheifs. Irvin Khoza is the present chairman of the football club. The club is one of the richest teams in PSL with an estimated net worth of about $6.9 million.
7. Platinum Stars F.C
Established in 1998, Platinum Stars F.C is a Phokeng-based football club. The club is nicknamed Dikwena a Tswana name for Crocodiles. The club is owned by the Royal Bafokeng Nation. With an estimated net worth of about $6.1 million, it is undoubtedly one of the richest teams in the (PSL) Premier Soccer League.
8. Bloemfontein Celtic F.C
The Bloemfontein Celtic football club was established in 1969 by Victor Mahatane and Norman Mathobisa. However, it was sold to Petrus Molemela in the early ’80s when the originators of the football club ran into some financial difficulties in managing the club.
The football club is based in Bloemfontein, South Africa and it is nicknamed Phunya Sele Sele while its fans are called Siwelele. The Bloemfontein Celtic football club plays its home games at the Dr. Petrus Molemela Stadium, Bloemfontein. With an estimated net worth of about $5.1 million, the club is one of the richest teams in the Premier Soccer League.
9. Chippa United F.C
Formerly based in the Nyanga Suburb of Cape Town, the Chippa United Football Club is a Port Elizabeth-based South African football club. It was established in 2010 by Chippa Investment Holdings, a construction, cleaning, and security company based in Cape Town. The club is nicknamed the Chilli Boys and the team plays its home games at the Nelson Mandela Bay Stadium.
The club is renowned as one of the youngest clubs to play in the Premier Soccer League. The club has two squads, the first squad plays in the premier section of the Premier Soccer League while the second squad plays in the reserve section of the PSL. With an estimated net worth of about $4.4 million, the club is one of the richest teams in the PSL.
10. Ajax Cape Town F.C
The Ajax Cape Town Football Club is a Parow-based South African football club. It was established in 1999 and owned by the Dutch Eredivise club known as AFC Ajax. The football club is nicknamed the Urban Warriors.
The Ajax Cape Town Football Club was created through the merging of two Cape Town-based football clubs namely Cape Town Spurs and Seven Stars. The club was birthed by AFC Ajax’s intent to expand its network to South Africa. The club is undoubtedly one of the richest teams in the PSL with an estimated net worth of about $4.2 million.
The richest teams in the PSL are determined by their net worth and their stability in the transfer market. Based on the above criteria, the Mamelodi Sundowns Football Club is the richest team in the Premier Soccer League (PSL) with an estimated net worth of $11 million.
The Cape Town City Football club follows the Mamelodi Sundowns F.C with an estimated net worth of about $10.96 million. I would love to know if you are a loyal fan of any of the Football clubs outlined above. Feel free to slide into the comment section to tell me about it. I also look forward to reading your comments and opinions in the comment section, so please keep them coming.