Football · The Window LedgerPublished · 2026-08-13
The Window Ledger
€60.8m in, €144m out: the Danish Superliga's 2025/26 ledger across 184 moves
What the league paid, what it recouped, and the 77% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, the Danish Superliga recorded 184 incoming moves. 42 of them carried a disclosed fee; the other 142 (77%) were frees, loans or undisclosed.
Spent
€60.8m
Disclosed incoming fees, 2025/26.
Banked
€144m
Disclosed fees received, 2025/26.
Net
−€83.2m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
77%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Philip Billing | Bournemouth | Midtjylland | €5.0m |
| Martin Erlić | Bologna | Midtjylland | €5.0m |
| Dominik Kotarski | PAOK | Copenhagen | €5.0m |
| Youssoufa Moukoko | Dortmund | Copenhagen | €5.0m |
| Mads Emil Madsen | Aarhus GF | Copenhagen | €4.0m |
| Dominik Sarapata | Górnik Zabrze | Copenhagen | €4.0m |
| Ousmane Sow | Górnik Zabrze | Bröndby IF | €3.0m |
| Bartosz Slisz | Atlanta | Bröndby IF | €3.0m |
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 2026-08-13Partial wages, amortisation withheld — the evidence didn't support it
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