Top 10 wealthiest sports franchises in Africa
Business Chief USA takes a closer look at Africa’s top 10 wealthiest sports franchises.
10. Tout Puissant Mazembe - Democratic Republic of the Congo
Established in 1939 by Benedictine missionaries, the club has a current market value of US$8.5mn. Tout Puissant Mazembe began its journey as Elisabetville, becoming Tout Puissant Mazembe (TP Mazembe) in the 1960s. In 2012, the club opened its own stadium - Stade TP Mazembe - for home games.
Over the years the club has won multiple titles including: Congo Super Cup (three times), National Championship - Division 1 (17 times), National Cup (five times), African Cup of Champion Clubs (twice), Cup Winners Cup (once), CAF Champions League - C1 (three times), CAF Confederation Cup - C2 (twice) and CAF Super Cup (three times).
In addition, the club has played in the FIFA Club World Cup twice, finishing 6th in 2015.
Sponsors of the club include: Brasimba, BCDC, Bretton Goods, MCK, SOGAM and Tenke Fungurume Mining.
Manager: Mihayo Kazembe
Stadium: Stade TP Mazembe
9. Raja Casablanca - Morocco
Established in 1949, the Moroccan team has a current market value of US$8.9mn. Nicknamed the Green Eagles, Raja Casablanca has played its home games at Mohammed V Athletic Complex since its opening in 1956.
The club has won multiple leagues and cups including: Afro-Asian Club Championship (once), the Moroccan League (11 times), the Moroccan Throne Cup (eight times), CAF Championship League (three times), CAF Confederation Cup (once), CAP Super Cup (twice), CAF Cup (once), the Arab Champions League (once) and the North African Club Cup (once). In 2013 the club - although it did not win - reached the FIFA Club World Cup final.
Sponsors of the club include: Legea, Hyundai and Siera Electronics
Manger: Jamal Sellami
Stadium: Mohammed V Athletic Complex
8. Entente sportive sétifienne (ES Sétif) - Algeria
Established in 1958, the Algerian football club has a current market value of US$10.6mn and has had 19 presidents to date - the first being Ibrahim Dokomi. The club's home stadium Stade 8 Mai 1945 was built in 1945 and has a capacity of 25,000.
The club has won several league and cup titles, such as: Algerian Ligue Professionnelle 1 ( seven times), CAF Champions league (twice), Algerian Cup (eight times) and the Afro-Asia Cup (once).
The club's full name is Entente sportive sétifienne, but is often shortened to ES Sétif or ESS.
Sponsors of the club include: Kia, Djezzy and Joma
Manager: Rachid Taoussi and Abdelhak Benchikha
Stadiums: Stade 8 Mai 1945
7. USM Alger - Algeria
Established in 1937, the Algerian football team has a current market value of US$10.6mn. USM Alger has won multiple leagues and cups including: Algerian Ligue Professionnelle 1 ( eight times), CAF Confederation Cup, Algerian Cup (eight times), Algerian Super Cup (twice) and the Arab Club Championship (Once).
The club currently owns its home stadium Omar Hamadi Stadium, which was built in 1935. The club also plays at Stade du 5 Juillet for its important international games.
Sponsors of the club include: Kia and Joma
Manager: Billel Dziri
Stadiums: Omar Hamadi Stadium, Stade du 5 Juillet
6. Zamalek SC - Egypt
Established by a Egyptian lawyer - George Marzbach in 1911 - the club currently has a market value of US$11.3mn, with Mortada Mansour as its president.
In 1922, Zamalek SC won its first Egyptian Cup Championship - the first to be held in Egypt. 38 years later, the team went on to win its first league championship in 1960.
Following its victory in 1960, Zamalek SC went on to win 21 league and cup titles. Its most recent win was the 2014 Egypt Cup.
Sponsors of the club include: Puma, Saib Bank and Joma
Manger: Milutin Sredojević
Stadiums: Cairo International Stadium, Petro Sport Stadium
5. Mamelodi Sundowns - South Africa
Established in the early 1960s, the Mamelodi Sundowns current market value is US$11.4mn, and was established by Frank “ABC” Motsepe, Roy Fischer, Ingle Singh and Bernard Hartze.
At the beginning of its sports journey the team was known as the Sundowns, it was not until 2004 when Patrice Motsepe increased his stakes in the team to 100%, that it became the Mamelodi Sundowns.
In 1967, the team joined the Federation of Professional Soccer League, reaching the finals of the Coca Cola Cup. By 2016, the Mamelodi Sundowns had won 16 league and Cup titles combined.
Sponsors of the club include: Puma, Nike and Telkom
Manager: Pitso Mosimane
Stadiums: Lucas Masterpieces Moripe Stadium, Loftus Versfeld Stadium
4. Kaizer Chiefs - South Africa
Established in 1970, the club has a current market value of US$11.6mn, and was formed by African football player Kaizer Motaung. When his debut team, the Orlando Pirates was struggling with internal disagreements, Motaung - despite his best efforts - could not resolve the disagreements and so he formed the Kaizer XI that played friendly games. Following its positive response, Motaung decided to set up his own professional club transforming the friendly club into the Kaizer Chiefs FC in 1970.
Kaizer Chiefs soon became a major player within the region, winning its first league title in 1974. The team went on to win eight more league titles during the 70s.
In 1976, Motaung hung up his football boots to focus solely on guiding the Kaizer Chiefs.
Sponsors of the club include: Vodacom, Nike, Hollard, Toyota, Black Label, Medshield, Protours, Kaelo Xelus and Oinvest.
Manager: Ernst Middendorp
Stadiums: Moses Mabhida Stadium, FNB Stadium
3. Club Africain - Tunisia
Established in 1920, Club Africain has a current market value of US$13.5mn. 2020 marks the Tunisian football club’s, 100 year anniversary. The club holds multiple league titles in the MEA region that date from 1942 to 2018.
Such titles include: Championnat de Tunisie de football (13), Coupe de Tunisie de football (13), Super Coupe de Tunisie de football (three), Coupe nord-africaine des clubs (two), Coupe arabe des vainqueurs de coupe (one), Ligue des champions arabes (one), Coupe du Maghreb des vainqueurs de coupe (one), Coupe du Maghreb des clubs champions (three), Coupe des clubs champions africains (one) and Coupe afro-asiatique des clubs (one).
Sponsors of the club include: CA Corporate, Ooredoo, Umbro, UIB, Mosaïque and Hayet.
Manager: Lassaad Dridi
Stadiums: Stade Olympique de Radès
2. Espérance Sportive de Tunis - Tunisia
Established in 1919, Espérance Sportive de Tunis has a current market value of US$14mn and recently celebrated its 100 year anniversary. The team’s success can be dated back to its first domestic league title in 1942, however its most successful period has been the last 20 years where it won 14 league titles, including seven consecutively between 1998 and 2004!
By 2011, the team had won two continental titles and appeared at the FIFA Club World Cup for the first time. Seven years after finishing sixth at the FIFA Club World Cup 2011, the team returned to the World Cup in 2018 finishing fifth and again in 2019.
Sponsors of the club include: Umbro, Delice, Danone, Sherrington, Nivia Men, Université ULT and Taraji Store.
Manger: Moïne Chaâbani
Stadiums: Stade Olympique de Radès
1. Al Ahly - Egypt
Established in 1907, Al Ahly is a 113 year-old Egyptian football club. Al Ahly currently has a market value of US$21.2mn, and was given the title of ‘African club of the century’ in 2000 by the Confederation of African Football.
As of 2019, the club has won a total of 137 official trophies including - 113 domestic (Egyptian Premier League, the Egyptian Cup and the Egyptian Super Cup), four regional and 20 continental (CAF Champions League, the defunct African Cup Winners’ Cup and the CAF Super Cup).
Sponsors of the club include: Shell Helix, Coca Cola, GLC Paints and Saib.
Manger: René Weiler
Stadiums: Al Ahly Stadium, Cairo International Stadium and Borg El Arab Stadium
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.