Football · The Window LedgerPublished · 2026-08-15
The Window Ledger
€530m in, €629m out: Brasileirão Série A's 2025/26 ledger across 742 moves
What the league paid, what it recouped, and the 85% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, Brasileirão Série A recorded 742 incoming moves. 108 of them carried a disclosed fee; the other 634 (85%) were frees, loans or undisclosed.
Spent
€530m
Disclosed incoming fees, 2025/26.
Banked
€629m
Disclosed fees received, 2025/26.
Net
−€98.7m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
85%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Lucas Paquetá | West Ham | Flamengo | €42.0m |
| Gerson | Zenit S-Pb | Cruzeiro | €27.0m |
| Jhon Arias | Wolves | Palmeiras | €25.0m |
| Danilo | Nottingham Forest | Botafogo | €23.0m |
| Danilo | Nott'm Forest | Botafogo | €23.0m |
| Samuel Lino | Atlético | Flamengo | €22.0m |
| Wendel | AO FK Zenit Sankt-Peterburg | Botafogo | €20.0m |
| Jorge Carrascal | Dynamo Moscow | Flamengo | €12.5m |
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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