5. Patrice Motsepe
AFRICANGLOBE – There is a trend in the English Premier League – arguably the world’s most exciting and entertaining – which have spiraled rapidly in the last decade. This trend is that of millionaire owners’ investing/buying out clubs out rightly. Thus, almost always creating a situation whereby one man calls the shot.
As the most recent Premier league club take-over wraps up, Fulham FC will now be owned by Pakistani-born American tycoon Shahid Khan for £150 million ($227 million). According to Mr Khan, “I do not view myself so much as the owner of Fulham but a custodian of the club on behalf of its fans.”
And like most trends that begin in western climes, Africa has caught the millionaire club owner bug, as the continent’s high net worth businessmen have looked to the game of football as a profitable venture. In this piece, we takes a look at the top five African millionaire club owners, in no respective order.
Mamelodi Sundowns, South Africa
Mining magnate, Patrice Motsepe, acquired South African Premier Soccer League (PSL) club,Mamelodi Sundowns F.C. in 2003. Motsepe is the founder and executive chairman of African Rainbow Minerals, a company with interests in platinum and gold. Motsepe’s net worth is estimated at $2.9 billion and he ranks amongst the richest men in South Africa. A peculiar philanthropist, he sits on the board of several companies. Early this year, Motsepe donated half of his wealth to charity through the Motsepe Family Foundation.