PAYSTACK Co-founder and CEO Shola Akinlade has bought a 55 percent stake in a second division Danish club, Aarhus Fremad.
This was made public Tuesday in a statement on the website of local football club Sporting Lagos also founded by the 37-year-old entrepreneur.
“We’re delighted to announce our investment in Danish club, Aarhus Fremad. Founded in June 1947, Aarhus Fremad is currently top of the Danish 2nd Division — the third tier of the Danish football league system,” he said.
“We’re excited about this development because this is a chance for us to learn from a community-focused club with similar values.”
Sporting Lagos noted that the partnership would also create opportunities for European exposure for the best players from its project, as the club pushes on in its efforts to develop young football talent in Nigeria.
