38-year-old Paystack co-founder, Shola Akinlade, buys Danish Aarhus Fremad club

Nigerian software engineer and co-founder of online payment platform Paystack, Shola Akinlade, has ventured into European football space after completing the purchase of Danish second division club Aarhus Fremad, Peoples Gazette can confirm.
“We have looked at the date correctly, and yes – it is good enough Aarhus Fremad has closed an agreement today, which means a new owner in the club. We are very much looking forward to the collaboration and eagerly await what the future brings us,” the club’s statement read.
According to the report gathered by Peoples Gazette, Mr Akinlade, who is based in the United States of America, purchased a 55 per cent take in the club, making him the majority owner of Aarhus Fremad with the hope of revamping the club.
Aarhus Fremad F.C, who are currently on top of the Danish second division with six points clear and are on course for a promotion to the top division at the end of season, is the 38-year-old’s latest investment in football after establishing Sporting Lagos F.C in 2022.
Sporting Lagos, is one fast-growing private football club in Nigeria and currently play in the Nigerian second division league, the Nigeria National League (NNL).
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Abuja
FRSC trains 305 senior officers on strategic leadership
FRSC has commenced a week-long strategic leadership training for 305 senior officers as part of efforts to strengthen operational leadership.

World
Nigeria spent $9 billion on Liberia, Sierra Leone’s civil wars: Army General
Nigeria spent no less than $9 billion to liberate Liberia and Sierra Leone during their civil wars, its defence adviser disclosed.

Health
Oncology pharmacists urge safer chemotherapy practices in Nigeria
The association made the call on Monday in Abuja during a one-day training for oncology pharmacists ahead of its maiden 2026 biennial scientific conference.

World
UN must respond to rising global tensions, says FG
Mr Ibrahim said President Bola Tinubu remained committed to strengthening Nigeria’s military capacity through funding, improved welfare and deeper international partnerships.

States
FG donates foodstuffs to victims of bandits’ attacks in Plateau
Bandits on May 8 attacked the Ngbrazongo community, killing some people and injuring many others.

Politics
Obi strategising with me; Northerners won’t collect rice in 2027 elections: Kwankwaso
“Our governors have made so much mistakes. I can tell you that all the governors are relying on Bola Ahmed Tinubu to win the elections,” Mr Kwankwaso stated.






