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From Fintech to Football, Paystack Cofounder Plots the Future of Digitizing Nigerian Football As He Invests in Aarhus Fremad

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Shola Akinlade, the co-founder and Chief Executive Officer of Paystack, is a very rich young man. While Guardian, ThisDay, BusinessDay and Forbes may not give them credits, young men (mostly men now) like him are some of the richest people in Nigeria. In ten years, more than 80% of the richest people in Nigeria will come from their world: technology, startup and broad entrepreneurial capitalism.

Like I joke with some of the founders in Tekedia Capital – do you need private security? Why? Making sure they are fine is one way to make sure many people who believe in them are made whole.

Shola founded  Sporting Lagos FC last year. Today, we’re reading that he has bought a majority stake in a second-division Danish club, Aarhus Fremad. Indeed, from fintech to a football empire, this is just the beginning. He is diversifying his investments; rich people do that via owning sports teams, a mid-return investment class.

You think you have money – do you have a sports club? That is how the conversation happens. Nigerian techies are getting into that. If Aarhus Fremad makes Sporting Lagos FC  better, in ten years, this sports investment may even outperform his fintech holdings. How? He is possibly going to use data to run the ball clubs and find ways to make sports fun, opening subscription opportunities to fans around the world. Destination: digitization of football experience in Nigeria and Africa. That could be Paystack 2.0.

Shola Akinlade, the co-founder and Chief Executive Officer of Paystack, has bought a 55 percent stake in a second-division Danish club, Aarhus Fremad, adding to the number of Nigerian investors throwing huge sums on football business.

Akinlade, who founded Sporting Lagos FC last year, a Lagos-based football club, sees the investment as an opportunity to boost his aim of developing football talents and youth football, particularly in Nigeria.

The 76-year-old Danish club will now serve as a sister club to Sporting Lagos, creating opportunities for talents harvested locally to be exported to Europe.

Comment on Feed

Comment 1: The short term play is creating a Talent Pipeline with Sporting Lagos as Africa loading point & The Danish Club as Europe landing. One generational talent like Osimhen can yeild millions. FIFA has a rule that ensures clubs that develop players get solidarity fees from future big transfers

Comment 2: There’s more going on here Prof beyond the fun part of owning a sports club.

You have always talked about building moats. This is another moat Shola is building. If Shola finds 2 young talented players, first he sends them to his Lagos club. They are then groomed and sold to the 2nd division Danish club for say 1M Euro. The player spends 2 years there and maybe goes to a Belgian or French club for say 5-10M Euro with Shola’s Danish club holding on to 20% of transfer fees if player is sold on to a major club. If the player does well there and goes to an Italian or English club for 30-50M Euro, the Danish club gets another 6-10M. All around Shola makes anything from 1-10M euro on each player that goes from his Lagos club to become a big star. That’s the business he’s into. And then of course access to FIFA as a club owner and all the networking that goes with that.

Comment 3: Love this! But the utmost joy for me is not only that he has disguised himself as an intelligent and brilliant man and building his empire, it is the fact that maybe because of investments like his, grassroot sports could potentially develop great talent and become viable.

Paystack’s Shola Akinlade Buys Majority Stake in A European Club, after founding Sporting Lagos FC

Paystack’s Shola Akinlade Buys Majority Stake in A European Club, after founding Sporting Lagos FC

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Shola Akinlade, the co-founder and Chief Executive Officer of Paystack, has bought a 55 percent stake in a second-division Danish club, Aarhus Fremad, adding to the number of Nigerian investors throwing huge sums on football business.

Akinlade, who founded Sporting Lagos FC last year, a Lagos-based football club, sees the investment as an opportunity to boost his aim of developing football talents and youth football, particularly in Nigeria.

The 76-year-old Danish club will now serve as a sister club to Sporting Lagos, creating opportunities for talents harvested locally to be exported to Europe.

“I am truly honored and excited to embark on this new chapter with Aarhus Fremad and further our shared commitment to engaging and empowering local communities,” Akinlade said.

“By strengthening the relationship between Sporting Lagos and Aarhus Fremad, we aim to create an environment that fosters education, growth, and opportunity for our players and the community at large. I have the utmost confidence in Lars Kruse’s continued leadership as CEO, and together, we will strive to maintain the values and long-term goals that have made these clubs such a cherished part of their respective communities.”

Lars Kruse, who was the primary equity owner of Arhus Fremad, admitted that the club, which is currently on top of the 2nd division table and hopes to be promoted to Danish second-best league, has been running a deficit.

“I’ve been completely honest that I needed some help. I didn’t want to throw it all under the bus, and I’ve always thought that someone must come along when we’ve been as good as we’ve been,” Lars Kruse told Danish newspaper, Århus Stiftstidende.

Aarhus Fremad has lost 2 million kroner (about $300,000) over the past two years, according to the club’s latest financial report.

Lars Kruse said the deal has created for the two clubs, an international dimension to work with.

“It has been an exciting process, from when I first heard that they had spotted us in Fremad all the way from Nigeria to where we are standing now.

“It is fantastic that there are people with the right mindset who see football as a catalyst for many other things – and in terms of values, Sporting Lagos is a Nigerian Aarhus Fremad. In practical terms, the agreement means that we can have a much larger perspective in Fremad, as well as an international dimension to work with,” he said. Indeed, sport is business.

With this deal, AKinlade becomes the third Nigerian to purchase the majority stake of a foreign club. In 2015, Nigerian businessman Kunle Soname became the first Nigerian to own majority shares (70%) in a European football club after he acquired Portuguese second division side, Clube Desportivo Feirense.

Business woman Nneka Ede, who bought the Portuguese side Lusitano GC in 2020, was the second Nigerian to own a foreign club.

Like Akinlade, Soname is also the owner of a local football club, Remo Stars – based in Ogun State, Southwest Nigeria.

Beat Tekedia Mini-MBA Early Bird Registration Deadline And Save Money

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Greetings! At Tekedia Institute, we co-learn with thousands of professionals and students on the mechanics of business, connecting innovation, growth and operational execution, across market territories and industrial sectors. Besides pre-recorded courseware, thrice weekly, we hold live Zoom sessions (Tue, Thur and Sat at 7pm WAT).

We’ve since opened registration for the next edition of Tekedia Mini-MBA (June 5- Sept 2, 2023). The cost is N90,000 (or $170) if you beat the early bird deadline of March 31.

Register here and pick your seat; program is 100% virtual

Ripple and Big Eyes Coin Could Soar in the Next Bull Cycle

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The financial markets have been dealing with the tough blow of the recent recession, and unfortunately, the crypto market is no exception. For over seven months, the crypto market has been dealing with the negative effects of the bear market. Almost every sector of the crypto market has felt the cold hands of the crypto collapse, and the prices of most tokens keep falling daily. Several projects fought the good fight, but they, too, could not keep the cold from the crypto winter away.

With the crashing market, several investors have suffered substantial losses, and very many have very little hope left for the crypto market. However, history has proven that the crypto market always recovers. At the end of every bear market is often a bull return that would make it all worth it. Investors are encouraged to pick out profitable coins to make the most of the coming bull market. By picking out crypto projects that show the most promise, investors and traders are strategically positioning themselves in the best way possible to recoup all the losses they sustained during the bear market. Ripple (XRP) and Big Eyes Coin (BIG) are the coins that look like viable investment options.

Ripple (XRP): Surviving the Odds

Ripple (XRP) is a crypto asset that was originally designed to act as an intermediary. The coin is the perfect convergence spot for fiat and digital currencies. With RippleNet, crypto users have a much better, more secure, and improved mediator for banks and payment services. RippleNet is designed to make it a lot easier for users to transfer assets worldwide. Besides acting as an intermediary, Ripple (XRP) is the best platform for settlement options and payment liquidity. The unique use cases of the crypto asset have made it a huge success with banks and other financial sectors.

The native token, XRP, is also used to reduce the costs of making transactions, and there is no need to even make use of the XRP tokens for transactions. Ripple (XRP) is different from other crypto assets because it is not necessary to mine. Instead, the crypto asset is designed to act as a financial instrument for speedy transactions between two currencies. The crypto asset’s interesting use case has won several investors’ hearts. Ripple (XRP) remains one of the top crypto assets that investors love and supportRipple LABS created the crypto project, and it is well-known as a digital payment network and protocol. It is a decentralized public blockchain that offers speed and reliability. It is also an energy-efficient crypto asset.

Big Eyes Coin (BIG): Enjoying a Successful Presale

Big Eyes Coin (BIG) might still be in its presale stages, but it is enjoying more success than some other crypto assets could claim. The meme coin has managed to raise well over 20 million dollars in just a couple of months. This unprecedented success reveals that the coin looks to enjoy nothing but great times ahead. With its success, many investors and traders are looking to join its community and take part in the handsome profits that are set to come its way. The crypto asset intends to push forward its DeFi agenda until it becomes mainstream in the crypto community. The developers of Big Eyes (BIG) have related that although the decentralized finance (DeFi) ecosystem has a lot to offer, it is severely underutilized. The crypto asset has then embarked on a mission to spread the good news of DeFi throughout the crypto community. With its impressive levels of success, there is no doubt that everyone is listening to what the crypto asset has to say.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Ripple Not ‘Ripped Apart’ Amid Legal Battle With SEC; Tron Slides As SignUp Token Targets Launch

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Two of the most talked-about cryptocurrencies, Ripple (XRP) and Binance USD, have been at the forefront of the conversation as the cryptocurrency market has recently seen a lot of volatility. While Binance USD has been in the spotlight for its impending token launch, Ripple has been involved in a legal dispute with the U.S. Securities and Exchange Commission (SEC). In this post, we’ll examine Ripple and Binance USD’s current situations in more detail and discuss the implications for investors.

Ripple (XRP) Undaunted As Legal Battle With SEC Climaxes

Ripple, the company behind the XRP cryptocurrency, has been in the news for the wrong reasons lately. The SEC filed a lawsuit against Ripple, alleging that the company had sold XRP as an unregistered security, and as a result, the company and its executives have been fighting a legal battle with the SEC.

However, against the expectation of many, the lawsuit has not had a negative impact on the price of XRP, as its value appears to be rising. It was initially expected that investors would become wary of investing in the cryptocurrency due to the legal uncertainty surrounding it.

Ripple’s legal team has been working tirelessly to defend the company, but the outcome of the lawsuit remains uncertain. Albeit, the case is expected to be finalised in the coming days, with the cryptocurrency world hoping that XRP surmount this daunting hurdle.

Notwithstanding, investors are keeping a close eye on the lawsuit, as its outcome could have far-reaching consequences for the cryptocurrency industry as a whole. If the SEC wins the lawsuit, it could set a precedent for other cryptocurrencies, potentially making it more difficult for them to operate in the United States.

Tron (TRX): Is ‘VolTRON’ Still Sleeping?

Tron (TRX) has experienced a decline in its price recently. The cryptocurrency has dipped by over 3% in the last 7 days and has depreciated by more than 6% in the past one month. However, it has risen by 0.17 as at press time and has a market capitalisation of $5,827,652,817.

Many expected Tron to have gone on to become a bigger force in the market. However, due to negative market forces, its growth has seemingly been stunted. It remains to be seen what surprises Tron will spring up in the coming weeks, as it tries to move up the cryptocurrency pecking order.

Is the US Securities and Exchange Commission (SEC) Being Overbearing?

In the wake of legal battles with a number of financial institutions, many industry observers are of the opinion that the SEC might indeed need to apply some breaks. According to them, in contrast to other nations, the United States has not yet developed a thorough framework or set of laws that permit cryptocurrency and blockchain firms to function without concern for being targeted by regulators.

Since the demise of the cryptocurrency exchange FTX last year, the U.S. SEC has increased legal actions against businesses. The SEC recently issued a Wells notice to Coinbase, alerting the firm that it had discovered possible violations of American securities law. The SEC also announced charges of fraud and unregistered securities against Justin Sun, the creator of a cryptocurrency, and famous people who supported the digital coins he was promoting.

A number of other businesses, including Ripple, Genesis, and Gemini, are presently involved in legal disputes with the SEC.

SignUp Token: Token With Long-Term Growth Potential

SignUp Token  is a new digital asset that is set to change the cryptocurrency landscape. SignUp Token is pulling the biggest cryptocurrency strings of 2023! With SignUp Token, no presale or other form of money is required. Instead, only one million email registrations are required to launch. Therefore, what advantages might someone who registers their email get?

Those who entered their email addresses will be the first to know when SignUp Token hits one million, enabling them to interact with the cryptocurrency with significant advantages and a strong potential for enormous profits. As soon as SignUp Token accomplishes its goal of registering one million email accounts and lists its token on cryptocurrency exchanges, you’ll be the first to know about it.

Final Verdict

Since SignUp Token derives its worth from its community and the power of its network, investors are protected against crypto price fluctuations occasioned by unforeseen issues such as the one Ripple (XRP) is currently having with the SEC. SignUp Token aims to make one million millionaires who only need to sign up with their emails.

The objective is to control the market and enrich its investors in the process. There is nothing to buy or spend money on; not even a presale! You can join this cryptocurrency with potential for long-term growth by simply registering your email. This will place you in a position to trade and eventually purchase other cryptocurrencies like Bitcoin and Ethereum. Sign up now. Link is below.

Interested In Registering Your Way Into Millions?

Visit SignUp Token Website: https://signuptoken.com/