Shola Akinlade, co-founder and CEO of Paystack, purchased a 55% stake in Aarhus Fremad, a team that competes in the Danish 2nd Division, the third tier of the Danish football league system.
Despite purchasing the club after several years of losses, Akintunde, at the age of 38, now owns the majority stake in two football investments, Sporting Lagos in Nigeria and Aarhus Fremad in Denmark.
The move consolidates Akinlade’s efforts in Nigeria to use grassroots football for community development and social change.
The club is currently leading the Danish second division by six points.
“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,” the club said in a statement on Tuesday. We are very excited about the collaboration and can’t wait to see what the future holds.”
