Pool Fixtures |Pool Results| Npower News

Breaking news in Nigeria today 24/7, Latest Nigeria News Headlines, Latest news in Nigeria today 2023, Nigeria Newspapers

Advertisement 18

Shola Akinlade, Paystack CEO acquires Danish football club


, has bought majority stake in Danish football club.


Shola Akinlade, co-founder and chief executive officer of Paystack, has acquired a 55 percent stake in the Danish second-tier club Aarhus Fremad.

The 76-year-old Danish club will become a sister club to FC, a Nigeria National League club founded by Akinlade in 2022 and based in Lagos.

Advertisement 3ina

According to a statement by Sporting, the agreement will provide its best teams with opportunities for European exposure and bolster its efforts to develop youth football in the country.



Akinlade, commenting on the acquisition, stated, “I am truly honoured and excited to begin this new chapter with Aarhus Fremad and to advance our shared commitment to engaging and empowering local communities.

Read Also Skylene Montgomery biography, age, net worth, wiki, husband


Advertisement 6

“By strengthening the relationship between Sporting Lagos and Aarhus Fremad, we hope to foster education, growth, and opportunities for our players and the surrounding community. I have the utmost faith in ‘s continued leadership as CEO, and together we will strive to uphold the values and long-term objectives that have made these clubs so beloved in their respective communities.”

Lars Kruse, commenting on the investment, stated, “It has been an exciting journey from the time I first heard that they had spotted us in Fremad all the way to our current position in Nigeria.

“It’s great that there are people with the right mentality who see football as a catalyst for many other things, and in terms of values, Sporting Lagos is the Nigerian equivalent of Aarhus Fremad. In practise, the agreement enables us to have a much broader perspective within Fremad, as well as an international perspective.”

Advertisement 9

Arhus Fremad is currently leading the Danish Second Division and could be promoted to the nation’s second-best league.

Despite this, the club has been operating with a deficit, which has been covered by the club’s CEO and former primary equity owner, Lars Kruse.

The club’s most recent financial report indicates a two-year loss of two million kroner.

Advertisement 12

Advertisement 12

“I’ve been completely forthright about my need for assistance. Lars Kruse stated to the Danish newspaper rhus Stiftstydende, “I didn’t want to throw everything away, and I’ve always believed that someone must come along when we’re as good as we’ve been.”

Thanks for using our platform to read “Paystack founder, Shola Akinlade, buys 55% stake in Danish football club, Aarhus Fremad”

Advertisement 6

Advertisement 18

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More