Shola Akinlade, co-founder and CEO of Paystack, has acquired a 55% ownership position in Danish second-division team Aarhus Fremad.
Aarhus Fremad will join the Nigeria National League’s Sporting Lagos FC, a football team with a base in Lagos that Akinlade formed in 2022, as a sister club as a result of the agreement announced on Tuesday.
Sporting said in a statement that the agreement will boost the country’s efforts to grow youth football by giving its finest teams opportunity to play in Europe.
“Arhus Fremad is now in first place in the second division and might be promoted to the second-best league in the nation. Lars Kruse, the club’s CEO and a former principal stock owner, has been paying the deficit despite this.