News

Aarhus Fremad: Paystack co-founder buys Danish club

The IT guru becomes the fifth foreigner to own a club in Denmark 

Nigerian IT billionaire Shola Akinlade has acquired a 55 percent stake in Danish second-division club Aarhus Fremad.

Shola has become a serial sports investor in recent years. The 38-year-old IT guru co-founded payment solution Paystack in 2016 alongside Ezra Olubi.

Paystack was later sold to Irish-American-owned software company Stripe in 2020 for $200million(₦108billion).

Shola then started Lagos football club Sporting Lagos in 2022. The club plays in the Nigeria National League.

However, he has not stopped investing in football, as stiften reports that he has bought a 55 percent majority stake in Danish club Aarhus Fremad.

The Danish club is expected to have a partnership with Sporting Lagos where the NNL side would be the launchpad for young Nigerian players to move to Europe.

Also, the deal would help Sporting Lagos build up some sporting principles and set up an academy

Following the successful deal, Shola Akinlade is now the fifth foreigner to own a club in Denmark.

This post was last modified on March 29, 2023 12:12 pm

Kelvin Omachonu

View Comments

  • My son is a good footballer but due to the state of the country he can not move out to any acadamy. He is just about to be in his seventeen year this year. So how do I get an assistant to see if he can be connected to any acadamy.

Share
Published by
Kelvin Omachonu

Recent Posts

“It is good to dream”- Ola Aina on Nottingham Forest’s Premier League title chances after Brentford win

Super Eagles defender Ola Aina has expressed optimism over Nottingham Forest's chances of securing a… Read More

41 minutes ago

Nottingham Forest willing to listen for offers for Super Eagles star

English Premier League club Nottingham Forest are willing to listen to offers for Super Eagles… Read More

2 hours ago

“What Super Eagles must do to qualify for 2026 World Cup” — Auxerre defender Osho

Super Eagles star Gabriel Osho is confident that the team can qualify for the 2026… Read More

13 hours ago

Isaiah Ahmed: Van Persie’s player inspired by Obi Mikel and Troost-Ekong, dreams of Flying Eagles spot

18-year-old defensive midfielder who is currently making waves at SC Heerenveen in the Dutch Eredivisie,… Read More

13 hours ago

Ola Aina kickstarts Christmas celebrations for Nottingham Forest with brilliant strike against Brentford – Watch

Super Eagles and Nottingham Forest full-back, Olaoluwa Temitayo Aina, scored his second Premier League goal… Read More

13 hours ago