Afrobeats star Davido and his long-time manager, Asa Asika, have a shared stake in Inter Lagos, the Nigeria Premier Football League (NPFL) club.
Asika revealed the partnership while speaking on the Manager’s Playbook podcast, where he discussed the business interests the pair have developed beyond the music industry.
“We [Davido and I] own a football team in Nigeria together. We just got promoted to the Premier League. It is called Inter Lagos,” Asika said.
Inter Lagos secured promotion from the Nigeria National League (NNL) to the NPFL, Nigeria’s top-flight division.
The club’s first season among the elite has proved difficult so far. Inter Lagos are 19th in the table after collecting four points from their opening six matches.
Asika said the club forms part of the sports division within a wider business portfolio covering music, sport and lifestyle.
He added that the venture was being developed with long-term sustainability in mind rather than for immediate financial returns.
Asika also compared the approach to the gradual expansion of the pair’s presence in the music industry, where their businesses were built patiently over time.