Football · The Window LedgerPublished · 2026-08-16
The Window Ledger
€959m in, €1,235m out: the Bundesliga's 2025/26 ledger across 687 moves
What the league paid, what it recouped, and the 75% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, the Bundesliga recorded 687 incoming moves. 170 of them carried a disclosed fee; the other 517 (75%) were frees, loans or undisclosed.
Spent
€959m
Disclosed incoming fees, 2025/26.
Banked
€1,235m
Disclosed fees received, 2025/26.
Net
−€275m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
75%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Luis Díaz | Liverpool | Bayern Munich | €70.0m |
| Jarell Quansah | Liverpool | Leverkusen | €35.0m |
| Malik Tillman | PSV | Leverkusen | €35.0m |
| Eliesse Ben Seghir | Monaco | Leverkusen | €32.0m |
| Jobe Bellingham | Sunderland | Dortmund | €30.5m |
| Loïc Badé | Sevilla FC | Leverkusen | €25.0m |
| Equi Fernández | Al-Qadsiah | Leverkusen | €25.0m |
| Conrad Harder | Sporting | Leipzig | €24.0m |
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 2026-08-16Partial wages, amortisation withheld — the evidence didn't support it
Follow the moneyOpen Bundesliga in Actual Transfer Market — every move, every fee, every clause, and what the market paid against what it was worth.Open Bundesliga →Powered by Actual Sport Intelligence