Paystack CEO Shola Akinlade Acquires 55% Stake In Denmark Club Aarhus Fremad


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  • Nigerian IT billionaire and Paystack CEO, Shola Akinlade, acquires a 55% stake in Danish football club Aarhus Fremad.
  • Aarhus Fremad is currently leading the second division and aiming for promotion to the country’s second-best tier.
  • Club director Lars Kruse assures fans that there will be no major changes in club operations despite the change of ownership.
  • Akinlade also runs Sporting Lagos, a football club in Nigeria, which will now become a sister club to Aarhus Fremad, fostering talent development and exchange.
  • The partnership provides opportunities for Sporting Lagos players to come to Europe.
  • Akinlade’s investment brings new resources, international connections, and a fresh perspective to the Danish club.
  • The long-term impact of the investment remains to be seen, but it may prove to be a catalyst for Aarhus Fremad’s sustained growth and success.

Aarhus, Denmark ( — Nigerian IT billionaire and Paystack CEO, Shola Akinlade, has acquired a 55% stake in Danish second division football club Aarhus Fremad.

The announcement was made by the club on their official Facebook page on Tuesday, March 28.

Shola Akinlade, who was born in Nigeria but lives in the United States now, is 38 years old and is in charge of the software platform Paystack. He also runs Sporting Lagos, a football club in Nigeria, which will now become a sister club to Aarhus Fremad.

Even though the Aarhus Fremad changed hands, club director Lars Kruse says fans shouldn’t expect big changes in how the club runs.

Speaking to Aarhus Stiftstidende, Kruse said, “It’s actually so boring that there won’t be any changes. The plan is for us to continue with the setup we have. There are of course some investments that are just right – some fitness equipment, some GPS trackers on the players, and so on.”

Aarhus Fremad currently leads the second division and is considered a strong contender for promotion to the country’s second-best tier.

But Kruse makes it clear that the new club owner has no plans to join the Super League or challenge AGF as the best football team in the city. “No no no. Not at all. Of course, we hope that the table looks like it does now when the season ends, but it’s not the end of the world if it doesn’t,” says Kruse.

In the past few years, the club has been short by two million kroner, but the director has made up the difference. Kruse told Aarhus Stiftstidende that he needed some help, which has now arrived in the form of Shola Akinlade’s investment.

The partnership between Aarhus Fremad and Sporting Lagos will provide opportunities for players from the Nigerian club to come to Europe.

The goal of this partnership is to help develop and share talent between the two clubs. This could be good for both teams and help them reach more people in their own football communities.

The fact that Akinlade bought the majority of Aarhus Fremad shows that more and more foreign investors are getting into the European football market. The Danish club hopes that he will bring new resources, international connections, and a new way of looking at things.

The long-term impact of Akinlade’s investment remains to be seen, but for now, Aarhus Fremad and its fans can look forward to a promising future with the support of a successful and ambitious entrepreneur.

As the club continues its quest for promotion to the higher tiers of Danish football, the partnership with Sporting Lagos and the backing of Shola Akinlade may prove to be the catalyst for sustained growth and success on and off the pitch.

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