Football · The Window LedgerPublished · 2026-08-15
The Window Ledger
€11.1m in, €1.7m out: the Chinese Super League's 2025/26 ledger across 265 moves
What the league paid, what it recouped, and the 93% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, the Chinese Super League recorded 265 incoming moves. 19 of them carried a disclosed fee; the other 246 (93%) were frees, loans or undisclosed.
Spent
€11.1m
Disclosed incoming fees, 2025/26.
Banked
€1.7m
Disclosed fees received, 2025/26.
Net
+€9.4m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
93%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Alexandru Mitriță | Universitatea Craiova | Zhejiang | €2.0m |
| Rafael Ratão | Esporte Clube Bahia | Shanghai Shenhua | €2.0m |
| Makhtar Gueye | Blackburn | Shanghai Shenhua | €1.1m |
| Eden Karzev | Basaksehir FK | Shenzhen Peng City | €1.0m |
| Jin-seob Park | Jeonbuk Hyundai Motors | Zhejiang | €1.0m |
| Rezende | Esporte Clube Bahia | Qingdao West Coast | €1.0m |
| Filip Benkovic | AIK | Shenzhen Peng City | €800k |
| Guilherme Schettine Guimarães | Moreirense FC | Tianjin Jinmen Tiger | €700k |
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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