Shola Akinlade, co-founder and chief executive officer (CEO) of Paystack, has purchased 55 percent ownership shares in Aarhus Fremad, a Danish third-tier division club.
Aarhus Fremad become a sister club to Sporting Lagos FC, a team in the Nigeria National League (NNL) founded by Akinlade in 2022.
Aarhus Fremad was founded in 1947. The club has been in a deficit of two million kroner about N89.6 million in the last two years.
The team sits top of the Danish third-tier division after 20 games played.