Shola Akinlade

The acquisition, announced on Tuesday, establishes Aarhus Fremad as a sister club to Sporting Lagos FC, a Lagos-based football club.

In recent times, there have been more Nigerians linked to the ownership of different clubs. Good journalism costs a lot of money. Currently, Aarhus Fremad tops the 2nd division and has a chance of being promoted to Denmark’s second-best league. Mr Akinlade is following in the footsteps of another Nigerian business mogul, Kunle Soname. In an interview with Arhus Stiftstidende, a Danish newspaper, Kruse discussed the investment, saying, “I’ve been completely honest that I needed some help. Akinlade expressed his enthusiasm for the joint venture, which will power local communities.

Shola Akinlade, the 38-year-old co-founder of Nigerian online payment platform Paystack, has added Danish football club Aarhus Fremad to his number of |

[Investigations4 months ago](https://www.ripplesnigeria.com/special-report-world-bank-road-projects-go-bad-in-enugu-as-state-govt-fails-to-fulfill-promise/) [Investigations4 months ago](https://www.ripplesnigeria.com/students-suffer-as-contractors-abandon-kano-school-projects-after-receiving-over-n70m/) [Investigations3 months ago](https://www.ripplesnigeria.com/investigation-in-cross-river-civil-servants-retire-into-poverty-as-govt-looks-away-squanders-funds-on-frivolities/) [Investigations3 months ago](https://www.ripplesnigeria.com/investigation-how-oyo-state-contractors-spent-n1-1bn-on-water-projects-but-communities-dont-have-a-drop/) [Investigations2 months ago](https://www.ripplesnigeria.com/investigation-4-yrs-after-completion-kwara-phc-facility-inactive-rural-dwellers-in-pains/) He co-founded Paystack in 2015 alongside Ezra Olubi.

Nigerian software engineer and co-founder of Paystack, Shola Akinlade, has acquired a Danish second division club, Aarhus Fremad.

The acquisition of the Danish second division club comes one year after Akinlade established Sporting Lagos Football Club in Lagos State. The club presently occupies the top spot in the Danish second division with six points lead. The 38-year-old fintech founder acquired a 55 per cent take in the club, making him the majority owner of Aarhus Fremad with the aim of revitalising the club.

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

Shola then started Lagos football club Sporting Lagos in 2022. [stiften reports](https://stiften.dk/sport/aarhus-fremad-faar-ny-ejer-it-milliardaer-fra-nigeria-koeber-sig-ind-i-klubben) that he has bought a 55 percent majority stake in Danish club Aarhus Fremad. Nigerian IT billionaire Shola Akinlade has acquired a 55 percent stake in Danish second-division club Aarhus Fremad.

Shola Akinlade, a Nigerian software engineer and co-founder of the fintech company, Paystack, has purchased Danish second division club,

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Aarhus Fremad F.C, who are currently on top of the Danish second division with six points clear and are on course for a promotion to the top division at the end of the season, is the 38-year-old’s latest investment in football after establishing Sporting Lagos F.C in 2022. We are very much looking According to the report gathered by Peoples Gazette, Mr Akinlade, who is based in the United States of America, purchased a 55 percent take in the club, making him the majority owner of Aarhus Fremad with the hope of revamping the club.

Akinlade, who founded Sporting Lagos FC last year, a Lagos-based football club, sees the investment as an opportunity to boost his aim of developing football ...

With this deal, AKinlade becomes the third Nigerian to purchase the majority stake of a foreign club. “It is fantastic that there are people with the right mindset who see football as a catalyst for many other things – and in terms of values, Sporting Lagos is a Nigerian Aarhus Fremad. I have the utmost confidence in Lars Kruse’s continued leadership as CEO, and together, we will strive to maintain the values and long-term goals that have made these clubs such a cherished part of their respective communities.”

Co-Founder and CEO of Paystack, Shola Akinlade has purchased majority shares in Aarhus Fremad, a Danish football club.

“It is fantastic that there are people with the right mindset who see football as a catalyst for many other things – and in terms of values, Sporting Lagos is a Nigerian Aarhus Fremad. Shola Akinlade speaking on the partnership between both clubs said that the agreement is as a result of “shared commitment to engaging and empowering local communities”. Speaking on the decline of the clubs finances, Lars Kruse declares “I’ve been completely honest that I needed some help.

SportsBrief.com News - Shola Akinlade has bought 55 percent stake at Danish 2nd division club Aarhus Fremad thereby adding to number of Nigerian investors ...

Aarhus Fremad will now be Sporting Lagos sister club with the aim of the Nigerian club sending players who are good to Europe. Young Nigerian billionaire Shola Akinlade has bought 55 percent stake to be in control at Danish second division club Aarhus Fremad thereby adding to the number of Nigerian investors throwing huge sums on soccer. - Shola Akinlade who is a Nigerian businessman has bought the biggest share at Danish club Aarhus Fremad

Shola Akinlade, Paystack co-founder and CEO has acquired a 55% stake in Aarhus Fremad, a Danish football club. This acquisition will bolster the growth of ...

[Klasha became the official headline sponsor of the club](https://sportinglagos.com/news/2f8i8Kl08jNvSjKU9rZ34i?ref=benjamindada.com) for the 2023 NNL. [first YC-backed Nigerian company](https://www.benjamindada.com/paystack-first-y-combinator-startup-nigeria/) has acquired a 55% stake in Aarhus Fremad, the club is currently at the top of the Danish 2nd Division — the third tier of the Danish football league system. This means that the growth of clubs like Plateau United of Plateau state and Lobi Stars of Benue state is dependent on the interest of the state governor. "In practical terms, the agreement means that we can have a much larger perspective in Fremad, as well as an international dimension to work with. In the last two years, [Aarhus Fremad lost ~$191.6 million](https://stiften.dk/sport/sportsligt-flyver-det-for-aarhus-fremad-men-regnskabet-viser-et-massivt-underskud-direktoer-varsler-potentiel-nedskalering?ref=benjamindada.com) and has been running on a deficit. [at least $2.4 million in funding](https://www.benjamindada.com/klasha-announces-2-4m-seed-funding-for-cross-border-commerce-all-over-africar/), per BD Funding Tracker. There’s an entire ecosystem of time, activity, and talent that goes into those electrifying 90 minutes," Shola said during the launch of the club in 2022. At it launch, Shola announced that he will be joined by Godwin Enakhena, former managing director of MFM FC as chairman of Sporting Lagos. The club currently Digging deeper into the sport has been a revelation. The club played its first match at Teslim Balogun Stadium in Lagos, Africa's startup hub on February 13, 2022. "Football has always been a space that makes me proud to be part of this country and continent.

March 30 – Nigerian tech entrepreneur Shola Akinlade (pictured) has acquired a majority stake in Danish second-division club Aarhus Fremad through his ...

We have the ambition to become the best team in Africa and play in the African edition of the Champions League.” “It has been an exciting process from when I first heard that people had spotted us in Fremad all the way from Nigeria to where we are now,” said Kruse. Projects are different and ours differs from the others in that we have a team that plays in the best league in Nigeria.