The ABSA PSL season for 2017/18 has kicked off. As of publishing this video the season is 10 games in per team. As I said in my video about “Top 10 highest paid footballers in South Africa’s ABSA PSL” I am going to take a look at the total market value of the teams. This list is based on each of the clubs player’s net worth. This list won’t take into account sponsorships for the club or sales such as tickets or merchandise.
Let’s count some stuff. Here are the “Top 10 Wealthiest ABSA Premier Soccer League (PSL) Clubs.”
10 Polokwane City est. R69 million
Polokwane City FC name was established in 2012 after the club franchise was sold to new owners. The club was then moved from Port Elizabeth to Polokwane City. Before the acquisition the club was Bay United. In May 2013 the club was promoted to the Premier Soccer League from the National First Division.
09 Chippa United FC est. R73 million
Chippa United FC name was established in 2010 when Paarl based Mbekweni Cosmos Vodacom League franchise was purchased. In 2012 Chippa finished the debut NFD season in 2nd place and won promotion the PSL via the play-offs. The club finished the 2012/13 PSL season in 15th place and were relegated after failing to win the play-offs. They did win the NFD in the 2013/14 season and were promoted to the PSL were they have remained since.
08 Lamontville Golden Arrows est. R88 million
It was founded in 1943. The club played in the then National Professional Soccer League until they were relegated in 1976. They played in the Second Division until 1980 when they were thrown out of the National Professional Soccer League. In 1996 Ntokozo FC Second Division franchise was purchased and was renamed to Lamontville Golden Arrows. In 2000 they were promoted to the PSL. They did get relegated to NFD in 2013/14 season and got promoted at the end of the following season.
07 Ajax Cape Town est. R93 million
Ajax Cape Town was formed in 1999 when two Cape Town based teams Seven Stars and Cape Town Spurs were combined as a result of AFC Ajax expanding their worldwide feeder program to South Africa. Ajax has been in the PSL since the 1999/00 season and has never won the league. They can console themselves in knowing that they did beat Kazier Chiefs in their first official game.
06 Cape Town City est. 102 million
Cape Town City football club was formed in 2016 after the purchase of Mpumalanga Black Aces franchise. The team was renamed and relocated to Cape Town. Cape Town football club originally dates back to the 1960s.
05 SuperSport United est. R145 million
The name SuperSport United was established in 1994 when M-Net purchased Pretoria City in the National Soccer League. They have been playing in the top flight ever since and have even won the Premier Soccer league title on 3 occasions consecutively.
04 Orlando Pirates est. R156 million
Orlando Pirates was established in 1937 in Orlando East, Soweto. The club was initially called Orlando Boys Club. They won the Division Two title and gained promotion to Division One in 1944. At which point the club was renamed to Orlando Pirates. The club has won the PSL title 4 times.
03 Kaizer Chiefs est. R160 million
The club was founded in 1970 when Kaizer Motaung returned from the United States where had had been playing for Atlanta Chiefs. He combined his first name and with Atlanta Chiefs to create Kaizer Chiefs. Isn’t that nice. Kaizer Chiefs have won the Premier Soccer League title four times. Just as a side note. The club is the most supported team with over 16 million fans.
02 Bidvest Wits est. R189 million
Bidvest Wits was originally founded in 1921 making it one of the oldest football clubs in South Africa. The club was previously known as Wit University FC. It’s not the same as the current Wits University FC who represent the University of the Witwatersrand based in Johannesburg. So don’t get the two confused. The club won promotion to the National Football League in 1975. In 2005 they finished at the bottom of the PSL and were relegated. They won the Mvela Golden League (National First Division) and gained promotion to the PSL in 2006/06 season. Bidvest Wits are the current defending PSL champions as they won the 2016/17 season.
01 Mamelodi Sundows est. R203 million
Mamelodi Sundows became an official football clubin 1970. Sundows gained promotion to the National Soccer League in 1983. Sundows have won the Premier Soccer League title a record of 7 times. They are currently the most successful tea nub the PSL. Patrice Motsepe bought the club in 2004.
And that is the list because I am a man of my word. Don’t forget to like if you enjoyed it and would like to see more Top 10’s like this. If you have any comments about the list don’t forget to leave it down below. I love reading the comments and replying when needed. Are there any surprises?