Shola Akinlade is known for co-founding Paystack, a financial technology company, and owning Sporting Lagos FC, a football club in Nigeria's commercial capital. 

The purchase amount of the stake in Aarhus Fremad has not been disclosed. 

Shola Akinlade expressed his excitement and honour to embark on this new journey.

Currently residing in California, Shola Akinlade founded Paystack in 2015 and sold the company for $200m (£162m). 

Aarhus Fremad holds the top position in Denmark's second division, which is the third tier of the Danish football league system.