Richest Football Club Owners in South Africa. If you assumed Mamelodi Sundowns owner Patrice Motsepe was the richest PSL club boss in South Africa, you’d be mistaken.
Mostepe was for a long time the richest PSL club owner by net worth but was overtaken by another billionaire.
We profiles the Top 6 Richest Football Club Owners in South Africa.
6. John Comitis (Cape Town City) – Net Worth R133m
Comitis and Rob Moore founded Ajax Cape Town in 1999. After 14 years at the helm of the Urban Warriors, he later sold his shares and started his own team, Cape Town City, in 2016 after buying the status of now-defunct Mpumalanga Black Aces. The Citizens have already won two trophies in the PSL.
Comitis has made the majority of his wealth in property and holds shares in Bell Mall Properties, Rapidough Properties and Fusion Properties. He is also reportedly an active director in 11 companies ranging from property to food and entertainment.
5. Kaizer Motaung (Kaizer Chiefs) :Net Worth – $8m, R145m
‘Chincha Guluva’ started his soccer career at Orlando Pirates before going to the United States to play for Atlanta Chiefs. He returned home in 1970 to start his own soccer team, Kaizer XI, which eventually became Kaizer Chiefs, and went on to win a number of trophies with the Phefeni Glamour Boys.
Motaung reportedly sold 40 percent of his stake in the club to Primedia in 1999 for R40-million but recouped that 40 percent for an undisclosed sum in 2010.