Lets check out the full details on the top 10 richest football clubs in South Africa 2019. Football continues to be top among the most lucrative sports to invest. Around the world, investors are spending billions to buy clubs and shove the ratings of such clubs, and in return make a fortune out of such moves.
The era of community owned clubs that operate like goodwill or entertainment has been overtaken by the need for such clubs to have a solid financial muscle.
Further, the commercial push by the richest football club in the world and sports in general has attracted billionaires into the world of sports. The Premier Soccer League known as PSL for short is the national sports association responsible for administering the two professional football divisions in South Africa which are the South African Premier Division and the National First Division. Here is a look at the top 10 South African richest football clubs according to Deloitte.
TOP 10 RICHEST FOOTBALL CLUBS IN SOUTH AFRICA 2019
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10. Polokwane City Net Worth: R69 Million
Begining this list in 10th place is Polokwane City FC. The name was registered in the year 2012 after the club franchise was sold to new owners.
The club then got moved from Port Elizabeth where it was formerly located to Polokwane City. Before the acquisition, the club was known as Bay United. In May 2013, the club got promoted to the Premier Soccer League division from the National First Division.
9. Chippa United FC Value: R73 Million
The name Chippa United FC was registered in 2010 when Paarl based Mbekweni Cosmos Vodacom League franchise was purchased. In 2012, Chippa finished its debut NFD season in 2nd place and gained promotion to the PSL via the playoffs.
The club could only end the 2012/13 PSL season in 15th place and got relegated after failing to win the playoffs. The club did win the NFD in the 2013/14 season and got promoted back to the PSL were it has remained ever since.