Football · The Window LedgerPublished · 2026-08-13
The Window Ledger
€500k in, €9.3m out: Eerste Divisie's 2025/26 ledger across 54 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, Eerste Divisie recorded 54 incoming moves. 1 of them carried a disclosed fee; the other 53 (98%) were frees, loans or undisclosed. It is Netherlands's tier-2 competition, and it still moves this much money.
Spent
€500k
Disclosed incoming fees, 2025/26.
Banked
€9.3m
Disclosed fees received, 2025/26.
Net
−€8.8m
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.
| Player | From | To | Fee |
|---|---|---|---|
| Yannick Eduardo | Leipzig | FC Dordrecht | €500k |
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