Top 10 Richest Football Clubs in Africa 2024 [ Kaizer Chiefs is 3rd ]

Richest Football Clubs in Africa 2024 [ UPDATED]

This article unveils the Richest Football Clubs in Africa 2024. In this post, we did a ranking of the 10 most financially stable clubs on the African continent – The richest football clubs in Africa currently.

Having just money doesn’t make you rich, though; we want to see structures on ground that translate to wealth, and wealth that translates to money.

The Richest club should have a large fan -base, a worthy identity that attracts the best players, winning potential to continue to win competitions and get prize monies, a solid brand that corporate entities want to associate with: in fact, Sponsors should line up, eagerly waiting to have their names and logos on your shirts.

In this post, we identify the Top 10 Richest Football Clubs in Africa currently, we talk a little about there histories and analyze how they got to be on this list, including what makes them the richest. Without further ad, let us get to it:

The Top 10 Richest Football Clubs in Africa 2024.

10. T.P MAZEMBE Market Value (DRC) – € 7.70 million

Tout Puissant Mazembe of Congo has a market valuation of 7.70 million Euros. The club was founded in 1939.

They are popularly known as the Ravens by their supporters. The team is known for their White and Black stripe shirts and black shorts.

Their home ground is the Stade T.P Mazembe which has a normal capacity of 18,500. Richest Football Clubs in Africa 2024.

They have won the Congolese top League 17 times, the Coupe du Congo 5 times, DR Congo Super Cup 3 times. On the Continental level they have won the CAF Champions League 5 times, CAF Confederations Cup 2 times, CAf Super Cup 3 times, African Cup Winners Cup 1 time.

In 1967 and 1968, it won the African Cup of Champions. The team would be finalist four times successively in (1967, 1968, 1969 and 1970). Mazembe was the first team to successfully defend the African Champions Cup. This feat was finally repeated in 2003 and 2004 by Enyimba.

After 18 years of absence, it returned to the African scene thanks to 38-year-old governor Moïse Katumbi Chapwe and owner of the club.

In November 2009 the team won the CAF Champions League against Heartland 2–2 on aggregate, winning on the away goals rule.

By winning the CAF Champions League, they qualified for the 2009 FIFA Club World Cup. In their first match in the quarter-finals they lost 2–1 to Pohang Steelers of South Korea,  despite taking the lead in the first half. Following a 3–2 defeat to Auckland City in the fifth placed match they finished the tournament in 6th place.

In 2010 they retained the 2010 CAF Champions League, and in December they became the first African side to contest the final of the FIFA Club World Cup after defeating both Pachuca of Mexico 1–0 in the quarter-finals and Internacional of Brazil 2–0 in the semi-finals. In the final on 18 December, they were defeated 3–0 by Internazionale.

In 2015, TP Mazembe secured their fifth title in the competition after defeating USM Alger of Algeria 4–1 aggregate in the 2015 CAF Champions League Final.

9. Raja Casablanca Market Value (Morocco) – € 8.13 million

Raja is one of the most popular clubs in Africa and the Arab world. They are known as the Green Eagles.

Raja is ranked by FIFA as the number 10th club in the World. Raja is also ranked third in Africa; after Al Ahly and Zamalek.

The club is one of the most widely supported teams in the world, especially in Africa. Raja is one of three founding members of Botola that have never been relegated from the top division since its inception in 1956, along with Wydad AC and AS FAR.

 The club holds many long-standing rivalries, most notably in the Casablanca Derby with Wydad AC and The classico with AS FAR.

Raja established itself as a major force in both Moroccan and African football during the 1990s winning three CAF Champions League.

This success was replicated in the league, which the club won six times in the space of ten years.

This team, which included Mustapha Moustawdaa, Mustapha Chadili, Salaheddine Bassir, and Abdellatif Jrindou, is considered by some in the sport to be the greatest African team in the 90’s. 

Abdelmajid Dolmy is considered a legend to many, with the most appearances for the club.

In domestic football, the club has won 20 trophies; 12 Botola titles, 8 Moroccan Throne Cup. In African and worldwide competitions, Raja have won 9 trophies; 3 CAF Champions League titles, two CAF Confederation Cup, two CAF Super Cup and 1 CAF Cup.

In international football, it is the only African team, with TP Mazembe, to reach the final of the FIFA Club World Cup in 2013 when the green eagles faced Bayern Munich.

In 2000, Raja was placed by FIFA in 10th place in the ranking of the best clubs in the world after their performances at the 2000 Clubs World Cup, and was ranked by CAF in the 3rd place of the best  African clubs of the 20th century, after Al Ahly SC and Zamalek SC.

Raja is also, with 18 trophies, the most successful Moroccan club of the 21st century, and is the 4th most crowned club in Africa with 9 titles in official competitions.

8. E.S Setif Market Value (Algeria) – € 8.6 million

ES Setif is a successful club. They have won the Algerian top League 8 times, and the Algerian Cup 8 time. They have won the CAF Champions League 2 times.

They have also won the regional competition Arab Champions League 2 times, and the North African Cup 3 times. They have also won the CAF Super Cup 1 time.

ESS is one of the most successful clubs in Algeria, having won the Algerian Ligue Professionnelle 1 eight times and the Algerian Cup a record of eight times.

They are also one of only three Algerian clubs to have won the CAF Champions League, winning it twice in 1988 and 2014.

They have also won the Arab Champions League twice, in 2007 and 2008, as well as three North African Cups in 2009 and 2010. In 2015, they became the first Algerian club to win the CAF Super Cup.

ES Sétif became CAF Champions League champion by defeating DR Congo’s AS Vita Club in the 2014 final; and the reigning CAF Super Cup champions, by beating Egypt’s Al Ahly in the 2015 Super Cup and the reigning Algerian Ligue Professionnelle 1 champions.

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7. USM Alger Market Value (Algeria) – € 9.65 million

Union Sportive de la Medina, based in Algiers in Algeria comes in next with a valuation of 9.65 million Euros. The club was founded in 1937. They wear traditional colours of red and black.

The club has one of Algeria’s most prominent football charts, as it won the Algerian Ligue Professionnelle 1 8 times, the Algerian Cup 8 times and the Algerian Super Cup 2 times, Internationally, USM Alger has won the UAFA Club Championship once in 2013.

The IFFHS ranks the USMA in the 18th place of the best African teams of the decade between 2001–2010. USMA reached the final of the 2015 CAF Champions League but they lost to TP Mazembe.

With the past of the Union Sportive Musulmane d’Alger (former name of the USMA), winner of the first 1962–63 Algerian Championnat National, the USMA is the postwar reference Algerian War).

In one year, the club Algérois won the titles of Algeria championship and subsequently finalist of the Algerian Cup 1969. The club is going through a difficult period.

The club is financially supported, as the USMA was bought in 2010. This privatization is accompanied by positive sporting results: solidly anchored in Ligue 1 since with the arrival of the Algerian investor Ali Haddad follows the title of champion of Algeria Of the Ligue 1 in 2014, the club regularly qualifies for the current African cups CAF Champions League or CAF Confederation Cup And realized 3 titles in 2 years championship-Algerian cup and Super Cup during the season 2013–2014.

That football season, USM Alger drew an average home attendance of 24,286 for domestic league games, one of the highest in Africa.

6. Zamalek SC Market Value (Egypt) – € 10.30 million

Zamalek comes in next with 10.30 million Euros valuation making them sixth on the ranking of the richest football clubs in Africa. The Club is based in Giza and was founded in the year 1911.

The club has been successful, they have won 4 African Cup of Champions Club, 1 CAF Cup Winners Cup, and 2 CAF Super Cups.

They have won the Afro Asian Club Championship 2 times, and the prestigious CAF Champions League 5 times.

Being one of the most titled club in Africa, the club has never been relegated to the Second Division and has won more CAF trophies than any other African countries.

Zamalek established itself as the first major force in Egyptian football during the 1920s, as it became the first Egyptian team to win titles.

Zamalek was the first Egyptian team to win Sultan Hussein Cup in 1921 and 1922; the first team to win Egypt Cup in 1922; and the first team to win Cairo League in 1922–23.

 It is one of two clubs that have played in every season of the Egyptian Premier League, and one of seven clubs that have never been relegated to the Egyptian Second Division. On the international spotlight it has won five CAF Champions League titles, one CAF Confederation Cup title, four CAF Super Cup titles and one African Cup Winners’ Cup title; making it one of the most successful clubs in Africa.

It is also the first Egyptian team to ever win the CAF Super Cup when it beat archrival Al Ahly in the 1994 CAF Super Cup. At the international level, Zamalek is the first Egyptian team to participate in and win the Afro-Asian Cup in 1987; and holds the record for most participations (1987, 1994, and 1997), and most titles, after winning it a second time in 1997.

Top 5 Richest Football Clubs in Africa

5. Mamelodi Sundowns Market Value : € 10.35 million

Mamelodi Sundowns come in next with a valuation of 10.32 million Euros. The most recognized football club in South Africa, Mamelodi Sundowns was founded in 1970 in Mamelodi, Tshwane, Gauteng.

The team has played in the South African Premier Soccer League since the League was inaugurated in 1996.

Sundowns have won the Premier League title a record eleven times since its inception in 1996 and hold the joint record of three National Soccer League Championships.

It is currently the most successful football club in the South African PSL era. They won the 2016 CAF Champions League, 2016 CAF Super Cup and were voted the 2016 CAF Club of the Year.

Domestically, they have also won the Nedbank Cup five times, the MTN 8 four times and the Telkom Knockout four times. They are the first South African team to compete in the FIFA Club World Cup, where they finished in 6th place.

Sundowns is owned by South African business magnate Patrice Motsepe and is one of the most valuable clubs in Africa, by market value. 

The club’s nickname, The Brazilians, is a reference to their soccer kit (blue and yellow) which resembles that of the Brazilian National Team.

The club takes pride in its unique style of attacking play, locally dubbed “Shoe Shine & Piano” which includes combinations of quick, short passes on the ground and this is likened to the Spanish Tiki-taka.

Over the years, this style of play has been reflected in its Youth teams and Women’s football team. In 2021, Sundowns became the first club in Africa to win both CAF Champions League and CAF Women’s Champions League titles.

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4. Kaizer Chiefs Market Value – € 10.48 million

Kaizer Chiefs Football Club, the fourth richest football club in Africa, based in Johannesburg, South Africa was founded on January 7, 1970.

The club is valued at 10.48 million Euros and this figure is earned by strong brand identity.

Kaizer Chiefs have won 12 league titles (four in the PSL era) and over 50 club trophies. They hold the most trophies amongst the other clubs in the PSL and are the most supported club in the country, drawing an average home attendance of 14,873 in the 2018–19 season, the second-highest in the league. The team plays its home matches at FNB Stadium.

The team has a strong local rivalry with Orlando Pirates, a fellow Soweto team which Chiefs founder Kaizer Motaung played for in his early playing career.

Famous players who donned the black and gold jersey in the past include former national team captains Neil Tovey, Lucas Radebe and also Patrick Ntsoelengoe, Gary Bailey, John “Shoes” Moshoeu, Shaun Bartlett, Steve Komphela, Siyabonga Nomvete, and Doctor Khumalo.

Kaizer Chiefs were banned by the African Football (CAF) from competing in African club competitions until 2009 after their abrupt withdrawal from the 2005 CAF Confederation Cup.

This was the second time in four years that Chiefs had been penalized by CAF for refusal to participate in a competition.

It is the most supported team in sub-Saharan Africa. Kaizer chiefs had a support base of over 16,000,000 at the turn of the century. Today it is estimated at approximately 40,000,000 fans across Southern Africa. The majority of the fanbase being located in South Africa and neighbouring countries. In January 2020, Kaizer Chiefs celebrated their 50th anniversary.

3. Club Africain Market Value (Tunisia)- € 11.80 million

Club Africain comes in next with a valuation of 11.8 million Euros. Club Africain was founded in the capital Tunis in the year 1920.

This is the next best thing in Tunisian club football; Club Africain is the second most popular club in Tunisia, and one of the most popular in the Arab World.

They are 99 years old and are quite a successful club to boast of.

2. Esperance Sportive de Tunis Market Value : € 12.75 million

There is no club more popular in Tunisia than Esperance de Tunis- in fact, this is one of the most popular clubs in Africa and the Arab World.

Espérance is the most successful Tunisian club; domestically, they have won 31 Tunisian Ligue Professionnelle 1 titles, 15 Tunisian Cup and 6 Tunisian Super Cup, all of them national records. Espérance won a total of 52 domestic trophies, more than any other Tunisian football club.

At international level, Espérance has won a total of 13 titles, with 8 organized by Confederation of African Football, including 4 CAF Champions League titles, 1 CAF Cup title, 1 CAF Cup Winners’ Cup title, 1 CAF Super Cup title and one Afro-Asian Cup.

The 2010–2011 season was one of the most successful in the history of the club when Espérance completed a historical treble by winning the League, National Cup and the African Champions League, under coach Nabil Maâloul.

Following this success, a new committee chaired by Hamdi Meddeb was elected on 25 September 2011 for a three-year term.

However, Maâloul resigned after a sixth place in the FIFA Club World Cup. However, the team lost the 2012 CAF Champions League final to Al Ahly, and the team star Youssef Msakni was sold to Qatari club Lekhwiya for 23 million Tunisian Dinars.

Sponsorship: the club has been famously sponsored by coca cola. During the 1998/1999, they were kitted by Unisport and displayed logos of coca cola, Monte Carlo, Delice and LG, all at the same time. The club is valued at 12.75 million Euros

1. Al Ahly Market Value (Egypt) – € 19.25 million

Al Ahly of Egypt is without a doubt the most valuable sports brand on the African continent. They are currently valued by Forbes at 19.25 million euros, and valuation is not by coincidence.

They have a solid foundation, the kind that many European clubs only dream of- and this solid foundation translates to the wealth and riches that they can boast of.

Al Ahly has a record of 42 national league titles, 37 national cup titles and 11 national super cup titles, making them the most decorated club in Egypt.

The club has never been relegated to the Egyptian Second Division. Al Ahly is considered the most successful team in Africa and is one of the continent’s giants.

In international competitions, the club has won a record 10 CAF Champions League titles, a CAF Confederation Cup, a record eight CAF Super Cups, a record four African Cup Winners’ Cups, an Afro-Asian Club Championship, an Arab Club Champions Cup, an Arab Cup Winners’ Cup, a record two Arab Super Cups, and has won three bronze medals in the FIFA Club World Cup.

With 23 continental titles, Al Ahly is the most successful football club in African history, and was voted by CAF as African club of the 20th century. The club’s international trophy haul is the second largest in world football, behind only Real Madrid.

Top 10 Richest Football Clubs in Africa 2024 – Newshub360.net

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