From Riches to Rags: The Top 10 PSL Footballers Who Went Broke

Football is often seen as a pathway to immense wealth and fame, especially in leagues like the Premier Soccer League (PSL) in South Africa.

Many players earn millions during their careers, yet a surprising number find themselves broke shortly after retirement.

This phenomenon raises questions about financial management, lifestyle choices, and the pressures of fame.

In this article, we explore the top 10 PSL footballers who have faced financial ruin, shedding light on their journeys from stardom to hardship.

Jethro Masala

Often referred to as “Lovers,” Jethro Masala was once a star for Mamelodi Sundowns, joining the club in 1997.

However, his fame led him down a path of excess, prioritizing parties and relationships over his career.

After leaving Sundowns, Masala wandered from team to team, ultimately losing all his earnings.

At 44, he is reportedly broke, having squandered his potential to become a global superstar.

In a reflective Facebook post, he warned current players about the pitfalls of fame, emphasizing the importance of financial literacy and long-term planning.

 

Teboho Mokoena
Known for his early career heroics, Teboho Mokoena’s journey began at Mother City FC.

Despite his talent, Mokoena’s love for alcohol and partying derailed his career, leading to financial struggles.

At 36, he is still playing but has not reached the heights many expected.

His story serves as a cautionary tale about the consequences of poor choices in both life and career.

Yusuf Harlley
Yusuf Harlley had the talent but lacked the discipline needed to succeed.

His career was marred by a failed lawsuit against Orlando Pirates, which drained his finances.

Following retirement, Harlley struggled with substance abuse, leading to rehab and further financial losses.

Now 41, he is attempting to rebuild his life by coaching youth teams, hoping to inspire the next generation to avoid his mistakes.

 

David “Jabba” Masondo
David Masondo, known as Jabba, started his career with Kaiser Chiefs, where he showed immense promise.

However, his struggles with alcohol addiction and a party lifestyle prevented him from realizing his full potential.

At 39, he has transitioned to motivational speaking and television analysis, using his experiences to guide others.

His journey reminds us that talent alone is not enough; discipline and focus are crucial for success.

Mandla Mthembu
Mandla Mthembu, also known as Old John, was once a rising star in South African football.

He joined Tottenham Hotspur in 2003 and became the youngest player to represent the national team.

Unfortunately, substance abuse issues derailed his career, leading to a six-month ban from football.

Now 39, Mthembu is still playing but has been labeled as someone who squandered his potential.

 

Philemon “Chippa” Masinga
Philemon Masinga, who gained fame for scoring a crucial goal that led South Africa to the 1998 World Cup, was once a millionaire.

He played for several clubs, including Leeds United, and was known for his business acumen.

However, financial mismanagement led to bankruptcy, forcing him to move back to his mother’s house in Soweto.

Masinga passed away in 2019, leaving behind a legacy that serves as a stark reminder of the fragility of wealth.

Steve “Chippa” Lekoelea
Steve Lekoelea had the talent to play at a higher level but fell victim to the temptations of fame.

His lifestyle choices, including gambling and excessive partying, led to financial ruin.

At 41, Lekoelea is reportedly broke and struggling to find success in his personal life.

He has begun his coaching journey, aiming to impart wisdom to young players and help them navigate the challenges of professional football.

 

Lesley “So Busy” Visser
Lesley Visser was once touted as one of the most promising midfielders in the PSL.

However, a series of unfortunate events, including a hit-and-run accident, left him in a precarious situation.

After a fallout with his club, he has been without a team since 2014 and is reportedly living off his father’s pension.

At just 28, Visser’s story is one of lost potential and the dire consequences of poor decisions in both sports and life.

Benedict Vilakazi
Benedict Vilakazi’s career was marred by scandals and legal troubles that led to his downfall.

Despite early success, his controversial lifestyle and disciplinary issues forced him to quit football at a young age.

Now 37, Vilakazi has publicly shared his struggles on a television show, revealing how he squandered his wealth.

His story highlights the importance of making wise choices and surrounding oneself with supportive influences.

 

Teko Modise
Teko Modise’s fall from grace came as a shock to many fans.

Once a celebrated midfielder, reports surfaced that he was facing financial difficulties due to unpaid debts.

At 37, Modise is now a staff member at Cape Town City, trying to rebuild his life after losing homes and cars.

His situation serves as a reminder that even the most successful athletes can face dire financial challenges if they do not manage their wealth wisely.

In conclusion, the stories of these PSL footballers serve as cautionary tales for aspiring athletes.

While the allure of fame and fortune is enticing, it is essential to prioritize financial education and planning for the future.

The journey from riches to rags is often paved with poor choices and a lack of foresight.

As we reflect on these players’ experiences, let their stories inspire current and future athletes to make informed decisions about their finances.

Ultimately, success in football is not just about talent; it is also about discipline, planning, and understanding the true value of money.