Football · The Window LedgerPublished · 2026-08-15
The Window Ledger
€73.7m in, €102m out: Eliteserien's 2025/26 ledger across 404 moves
What the league paid, what it recouped, and the 74% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, Eliteserien recorded 404 incoming moves. 104 of them carried a disclosed fee; the other 300 (74%) were frees, loans or undisclosed.
Spent
€73.7m
Disclosed incoming fees, 2025/26.
Banked
€102m
Disclosed fees received, 2025/26.
Net
−€28.6m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
74%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Mathias Jørgensen | Aalborg BK | Bodø/Glimt | €3.5m |
| Mathias Jørgensen | Aalborg BK | Bodø / Glimt | €3.0m |
| Jalal Abdullai | Elfsborg | Molde FK | €3.0m |
| Magnus Riisnaes | Vålerenga | Bodø / Glimt | €2.5m |
| Cheikh Mbacké Diop | NK Lokomotiva Zagreb | Sportsklubben Brann | €2.5m |
| Cheikh Mbacké Diop | NK Lokomotiva | SK Brann | €2.5m |
| Magnus Riisnæs | Vålerenga | Bodø/Glimt | €2.5m |
| Oskar Spiten-Nysæter | Stabæk | Molde FK | €2.3m |
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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