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Read the deskThe Window Ledger
Football · The Window LedgerPublished · 2026-08-15
The Window Ledger

€1.3m in, €7.4m out: 3. Liga's 2025/26 ledger across 215 moves

What the league paid, what it recouped, and the 98% of its business that carried no fee at all.
THE BACK PAGE  ·  the money behind the move  ·  ACTUAL SPORTS MEDIA

Across 2025/26, 3. Liga recorded 215 incoming moves. 4 of them carried a disclosed fee; the other 211 (98%) were frees, loans or undisclosed. It is Germany's tier-3 competition, and it still moves this much money.

Spent
€1.3m
Disclosed incoming fees, 2025/26.
Banked
€7.4m
Disclosed fees received, 2025/26.
Net
−€6.1m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
98%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
PlayerFromToFee
Antonio Tikvic Watford FCPreußen Münster€700k
L. Bierschenk1.FSV Mainz 05Waldhof Mannheim€400k
Tobias Raschl1. FC KaiserslauternPreußen Münster€200k
Till JacobiLuckenwaldeZwickau€10k

A league ledger measures money moved, not quality bought. The share of business done without a fee is the number most often skipped, and it is usually the majority of it.

Transfer record, fees and market values: ACTUAL TRANSFER MARKET (actualtransfermarket.com). Analysis: ACTUAL SPORT INTELLIGENCE.

Confidence HighEvidence Actual Sport IntelligencePublished 2026-08-15Partial wages, amortisation withheld — the evidence didn't support it
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