Inside the World of Africa's Football Moguls
African billionaires involved in football club ownership

The football landscape is witnessing a significant transformation as African billionaires invest in clubs across the globe, marking a pivotal moment in the history of the sport.

These visionary entrepreneurs are not only enhancing the competitiveness of their teams but also reshaping the sport’s economic dynamics in ways that were previously unimaginable. Their influence is felt not just on the pitch, but also in the boardrooms where decisions are made that affect the future of football.

Here’s a look at eight influential African billionaires who own football clubs, each bringing their unique perspective and resources to the beautiful game.

Key Takeaways

  • African billionaires are increasingly investing in football clubs worldwide.
  • Their investments span various leagues, including the Premier League, MLS, and local African leagues.
  • These owners are committed to developing talent and enhancing the global presence of African football.

1. Nassef Sawiris: Aston Villa (England)

Nassef Sawiris, widely recognized as Egypt’s richest man and a prominent figure in the world of business, co-owns the prestigious Premier League club Aston Villa. He made a significant move in 2018 when he acquired a substantial 55% stake in the club, effectively rescuing it from a dire state of financial distress that threatened its existence.

Since then, Sawiris has not only focused on stabilizing Aston Villa but has also ambitiously expanded his sports portfolio, which now includes notable stakes in the Portuguese club Vitória S.C. Furthermore, he has established strategic partnerships with various clubs in Spain and Japan, showcasing his commitment to enhancing the global footprint of football and investing in the sport on an international scale.

2. Patrice Motsepe: Mamelodi Sundowns (South Africa)

Patrice Motsepe, a billionaire businessman and philanthropist, owns Mamelodi Sundowns, which is widely regarded as one of Africa’s most successful and prestigious football clubs. Since acquiring the club in 2003, he has skillfully led it to numerous championships and accolades, solidifying its reputation in both domestic and continental competitions.

Under his leadership, Mamelodi Sundowns has not only achieved remarkable success on the field but has also become a symbol of excellence and ambition in African football.

In addition to his role with the club, Motsepe is also the esteemed president of the Confederation of African Football (CAF), where he plays a pivotal role in shaping and influencing the governance and development of the sport across the African continent.

3. Kunle Soname: Remo Stars F.C. (Nigeria)

Nigerian entrepreneur Kunle Soname founded Remo Stars F.C. in 2004, and he made history by acquiring Clube Desportivo Feirense in Portugal, thereby becoming the very first Nigerian to own a European football club.

His unwavering focus on grassroots development is clearly evident through his establishment of the youth academy, Beyond Limits F.A., which aims to nurture and develop young talents in the sport, providing them with the necessary skills and opportunities to succeed in football.

4. Sola Akinlade: Sporting Lagos FC (Nigeria) and Aarhus Fremad (Denmark)

Sola Akinlade, a highly skilled software engineer and innovative entrepreneur, founded the ambitious Sporting Lagos FC in 2022 with the vision of transforming the landscape of football in Nigeria. In a strategic move to enhance the professional standards of his Nigerian club, he later acquired a significant 55% stake in the esteemed Danish club Aarhus Fremad.

This acquisition reflects his commitment to not only professionalize Sporting Lagos FC but also to create invaluable opportunities for talented African players seeking to make their mark in the competitive European football scene.

5. Kingsley Pungong: Rainbow FC (Cameroon, Kenya)

Kingsley Pungong, a visionary Cameroonian entrepreneur with a passion for sports and community development, owns and operates Rainbow FC in both Cameroon and Kenya, where he is dedicated to nurturing local talent and fostering a love for the game.

He previously owned MFK Vyškov in the Czech Republic, where he gained valuable experience in European football management, and has co-founded the African Fighters League, an initiative aimed at promoting traditional African sports alongside football, thereby celebrating the rich cultural heritage of the continent while providing a platform for athletes to showcase their skills.

6. Samih Onsi Sawiris: FC Luzern (Switzerland)

Samih Onsi Sawiris, a key member of the prominent Sawiris family known for their significant contributions to various industries, invested in the Swiss football club FC Luzern in the year 2011. His involvement in this venture reflects a growing interest in European football, which has been increasingly recognized as a vital part of the global sports landscape.

This investment not only contributes to the club’s development and visibility but also enhances the overall competitive nature of the league, fostering a richer environment for both players and fans alike.

7. Nneka Ede: Lusitano Ginásio (Portugal)

In the groundbreaking year of 2020, Nneka Ede made history by becoming the very first African woman to own a European football club, achieving this remarkable feat with her strategic acquisition of Lusitano Ginásio, a prominent club located in Portugal.

Her ambitious vision is centered around not only nurturing and developing young football talent but also significantly strengthening the cultural and sporting ties between Nigeria and Portugal, thereby fostering a collaborative environment that benefits both nations.

8. Tems: San Diego FC (USA)

Nigerian music superstar Tems made headlines recently by becoming a part-owner of Major League Soccer’s San Diego FC, a groundbreaking achievement that has captured the attention of both the music and sports worlds alike.

This move marks a significant crossover between the entertainment and sports industries, showcasing the growing influence of African celebrities in global sports ownership and highlighting their ability to transcend traditional boundaries.

These billionaires are not just investing in football; they are paving the way for a new era of African influence in the global sports arena, enhancing the visibility and competitiveness of African football on the world stage while inspiring a new generation of athletes and fans alike.

Author

  • Ericson Mangoli

    Ericson Mangoli is the founder and Managing Editor of Who Owns Africa, a platform for African journalism that focuses on politics, governance, business and entrepreneurs who are changing perspectives of the African continent.

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