PSL is an abbreviation for Premier Soccer League. It is the national sports body responsible for the organization of South Africa’s professional football leagues like the African Premier Division and National First Division. There are different teams in the Premier Soccer League, but there are a few that are very wealthy when estimated from the transfer market. In this post, we compiled a list of the richest teams in PSL based on the Transfer capacity of those teams.
Premier Soccer League was formed under an agreement between the National Soccer League and a part of the Region’s Premier Soccer League. PSL functions as the organizers of sports competitions and the governing body of the games.
The Premier Soccer League is affiliated with the South African Football Association, however, the South African Football Association does not organize competitions. The Premier Soccer League is primarily concerned with that.
Which Soccer Team Is The Richest Team In PSL?
Any of the top 10 richest teams in PSL relegated from the football divisions organized by the Premier Soccer League is eligible to compete in the second division under the South African Football Association.
What Are The Competitions Organized By The Premier Soccer League?
The PSL organizes the following competitions:
- National First Division Cups
- South African Premier Division
- League Competitions
- Telkom Knockout Cup
- Nedbank Cup
- MTN 8
Top 10 Richest Teams In PSL (Premier Soccer League) 2022
Mamelodi Sundowns F.C: $11 million
The richest team in the PSL is the Mamelodi Sundowns F.C. This is a South African soccer team based in Pretoria and plays under the Premier Soccer League. Mamelodi Sundowns is owned by Patrice Motsepe, a billionaire and mining magnate. The Mamelodi Sundowns are estimated to have a net worth of about $11 million.
Mamelodi Sundowns are recorded to have emerged winners of the PSL cup eight times since the team was formed in 1996. They became the CAF Club of The Year after winning the CAF Champions League in 2016 and were tagged the Club of the Continent during the CAF Awards of 2017.
Mamelodi Sundowns won 3 NFL Championships and the Nedbank Cup four times. They won 6th place in the FIFA World Cup and are the only club in South Africa to compete in the FIFA Club World Cup.
Kaizer Chiefs: 9.1 million
The Kaizer Chiefs are one of the most supported clubs in South Africa. They had an average home attendance of 13,686 during the 2016 – 2017 football season. The founder of the Kaizer Chiefs is Kaizer Motaung.
The Kaiser Chiefs are the second richest team in the Premier Soccer League with an estimated net worth of $9.1 million. This South African club is based in Johannesburg. They play their current home matches at the Soccer City in Nasrec, Soweto commonly referred to as the FNB Stadium. They are nicknamed “Phefani Glamour boys” and “Amakhosi: a Zulu word translated for “Lords” or “Chiefs”.
The Kaizer Chiefs were once banned by the CAF from competing in African club football between 2005 to 2009. This was because of the impromptu withdrawal of the club from the 2005 Confederation cup organized by CAF. That was was the second time in 4 years they received a penalty for refusing to participate in the CAF games after it had already been scheduled.
They are among the South African teams without a Champions League. Despite all these, the Kaizer Chiefs remain the most supported team in sub-Saharan Africa with an average fan base of 16,000 persons.
Supersport United: $7.9 million
SuperSport United was originally known as Pretoria City but after it was sold to M-Net in 1994 and approved by the National Soccer League, the club was renamed. The club has a youth academy for young soccer players known as SuperSport United Youth Academy, which is one of the best youth football academies in South Africa; asides from its involvement in the Premier Soccer League
Supersport United is a South African football club owned by SuperSport – a South African TV Channel. The football team hosts their home matches at Lucas Moripe Stadium in Atteridgeville, Pretoria, though they sometimes host their soccer matches at Peter Makoba Stadium in Polokwane.
Bidvest Wits Football Club: $7.4 million
Bidvest Wits Football Club is a South African football club based at Braamfontein in Joburg and formerly known as Wits University F.C . The Football Club also has nicknames like “The Students” or “The Clever Boys”. This football club is one of the teams in the Premier Soccer League Founded in 1921. The Bidvest Wits Football Club has a net worth of $7.4 million.
The Orlando Pirates: $6.9 million
The Orlando Pirates were nicknamed “Pirates” from the 1940 movie “The Sea Hawk”. This South African football club is one of the richest teams in PSL. The club was created in 1937 and is currently based in the Houghton suburb of Joburg. The Orlando Pirates base was formerly in Orlando, Soweto as an African dance group.
Orlando Pirates is the first team in the Premier Soccer League to win 3 major trophies in one season, subsequently. The club is owned by Irvin Khoza and is in a rivalry with the other top 2 richest teams in PSL.
The current net worth of Orlando Pirates is $6.9 million.
This football club managed by Royal Bafokeng Nation was formed in 1998; currently has a worth of $6.1 million that has ranked the club among the richest teams in PSL.
Platinum Stars or the “Dikwena” (a Tswana word meaning “Crocodiles”) is a football club in South Africa that has its base in Phokeng near Rustenburg, North West province, California. Platinum Stars is one of the wealthiest clubs in PSL.
Cape Town City Football Club: $5.8 million
Cape Town City Football Club which is rated among the richest teams in PSL was formed in the 1960s as MP Black Aces. After it was purchased by John Comitis in 2016, the club was reformed to Mpumalanga Black Aces.
The home matches of the football club are played at the Cape Town Stadium hence the name Cape Town City F.C. The net worth of Cape Town City F.C is $5.8 million.
Bloemfontein Celtic: $5.1 million
This Bloemfontein-based club is another one of the richest teams in PSL that was formed in 1969 with a large fan base in the Free State referred to as Siwelele. The current net worth of Bloemfontein Celtic is about $5.1 million.
Chippa United FC: $4.4 million
Chippa United FC or the “Chilli boys” is a Soccer club under the South African Premier League that is based in Port Elizabeth, Eastern Cape. It is one of the richest teams in PSL with a home base that was formerly in the Nyanga suburb of Cape Town.
The Chippa United FC has two divisions, one of the teams plays at the premier division of the PSL while the reserve team plays in the PSL reserve league. Chippa United is estimated to have a net worth of $4.4 million and was formed in January 2010.
Ajax Cape Town
Ajax Cape Town was created from the amalgamation of 2 Cape Town-based teams; the Seven Stars and the Cape Town Spurs. It was created in an attempt to widen the talent-feeder network of AFC Ajax to South Africa. The parent club of Ajax Cape Town is the Dutch Eredivisie club or AFC Ajax. The soccer team is estimated with a net worth of $4.2 million.
Ajax Cape Town was formed in 1999 and as a South African football club is based in Parow.
Based on their strength in the transfer market, the above-listed teams in the Premier Soccer League are ranked as the top ten richest teams in PSL. There are other high-profile teams in the Premier Soccer League, but the ten teams listed here are some of the best and biggest football clubs in PSL.