Nigerian techpreneur Shola Akinlade has bought a 55% stake in second division Danish football club, Aarhus Fremad.
The 38-year-old Nigerian is the co-founder of financial tech start-up Paystack and owner of Sporting Lagos FC – a football club in Lagos, Nigeria.
The tech entrepreneur, who resides in California, said he was honoured and excited to start this new chapter.
Aarhus Fremad has not yet disclosed how much Akinlade paid for the stake in the club.
Akinlade founded Paystack in 2015 with an old schoolmate Ezra Olubi. Their firm was bought by US online payment giant Stripe for $200m in 2020, but continues to operate independently.
Aarhus Fremad is currently top of Denmark’s second division – which is the third tier of the Danish football league system.
The Danish club will form a ‘sister-club’ partnership with Sporting Lagos for seamless transition of footballing ideas, talent identification and acquisition amongst others.