Former Ghana Premier League champions AshantiGold SC has overtaken Asante Kotoko and Hearts of Oak as Ghana’s richest club on the African continent.
The Miners are the highest ranked Ghanaian side with a revenue of US$ 1.7m and is the only Ghanaian club to secure a place in the top 100 list- 82nd position in Africa.
Heavyweight sides Asante Kotoko and Hearts of Oak have less than $1m and $300,000 respectively according to the publication, so couldn’t break into the top 100 list of richest clubs in Africa.
The ranking is based on current club accounts and annual budgets.
Egyptian giants Al Ahly SC lead the rankings with an amount of over US$ 28.2 m and is followed by Premier Soccer League side Kaizer Chiefs whose budget is reported to be US$ 23.2.
Big spenders and South African side Mamelodi Sundowns are surprisingly in 13th place with a budget of US$ 9.5m.
Five-time CAF Champions League winners TP Mazembe are the only club from Central Africa to break into the Top 10 with a budget US$ 11.3m.