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Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad

Published

6 months ago

March 28, 2023

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad

A Danish football club, Aarhus Fremad announced on Tuesday that it has sold 55 percent of its shares to the Nigerian I Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad T entrepreneur and CEO of Paystack, Shola Akinlade.

The traditional 2nd division club made this known in a Facebook post on Tuesday.

As part of the deal, Aarhus Fremad will be collaborating with Sporting Lagos football club.

The club stated, “There is per today, an agreement has been signed between the existing ownership group and Shola Akinlade regarding the transfer of 55% of Aarhus Fremad.”

“Shola Akinlade is a Nigerian IT entrepreneur and CEO of the Paystack software platform. On a daily basis, he runs the Sporting Lagos football club in Nigeria, which at the same time will act as a sister club to Aarhus Fremad.”

Commenting of the Investment, Sporting Lagos said the investment is an opportunity to learn from a community-focused club with similar values, adding that the partnership will also create opportunities for European exposure for the best players as part of its efforts to develop youth football talent in Nigeria.

Akinlade said, “I am truly honored and excited to embark on this new chapter with Aarhus Fremad and further our shared commitment to engaging and empowering local communities. By strengthening the relationship between Sporting Lagos and Aarhus Fremad, we aim to create an environment that fosters education, growth, and opportunity for our players and the community at large.

“ 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.”

Lars Kruse, CEO of Aarhus Fremad also shared his thoughts on the relationship. He says:

“It has been an exciting process, from when I first heard that they had spotted us in Fremad all the way from Nigeria to where we are standing now. 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. 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. All in all, I have the feeling right now that this is a really good match – and I look forward to continuing the development in our club as well as the collaboration with Shola and his team”.