Nigerian software engineer and co-founder of Paystack, Shola Akinlade, has purchased Danish second division club, Aarhus Fremad. The 38-year-old bo
Nigerian software engineer and co-founder of Paystack, Shola Akinlade, has purchased Danish second division club, Aarhus Fremad.
The 38-year-old bought a 55 per cent take in the club, making him the majority owner.
Akinlade purchased the club with the hope of upgrading it.
This is coming after he established the club, Sporting Lagos, in Lagos in 2022.
Sporting Lagos plays in the second tier of the Nigerian league, and in the future, will be a cooperative club with Aarhus Fremad following the acquisition.
Presently, the club are on top of the Danish second division with six points clear.
The club statement on Tuesday read, “We have looked at the date correctly, and yes – it is good enough Aarhus Fremad has closed an agreement today, which means a new owner in the club. We are very much looking forward to the collaboration and eagerly await what the future brings us.”
Speaking on the acquisition, Akinlade said his investment in the Danish club is due to a shared commitment to engaging and empowering local communities.
He added that the partnership between Sporting Lagos and Fremand would create an environment that fosters education, growth, and opportunity for thr players and the community at large.
“I am truly honoured and excited to embark on this new chapter with Aarhus Fremad and further our shared commitment to engaging and empowering local communities,” the Paystack CEO said.
Aarhus Fremad was founded in 1947. The club has been in a deficit of two million kroner about N89.6 million in the last two years.
The team sits top of the Danish third-tier division after 20 games played.