Football · The Window LedgerPublished · 2026-08-15
The Window Ledger
€12.7m in, €15.4m out: the Israeli Premier League's 2025/26 ledger across 246 moves
What the league paid, what it recouped, and the 91% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, the Israeli Premier League recorded 246 incoming moves. 23 of them carried a disclosed fee; the other 223 (91%) were frees, loans or undisclosed.
Spent
€12.7m
Disclosed incoming fees, 2025/26.
Banked
€15.4m
Disclosed fees received, 2025/26.
Net
−€2.8m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
91%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Kervin Andrade | Fortaleza Esporte Clube | Maccabi Tel Aviv | €1.8m |
| Hélio Varela | KAA Gent | Maccabi Tel Aviv | €1.7m |
| Ion Nicolaescu | SC Heerenveen | Maccabi Tel Aviv | €1.5m |
| Loizos Loizou | Omonia Nicosia | Hapoel Tel Aviv | €1.1m |
| Heitor | ETO FC | Maccabi Tel Aviv | €850k |
| Pierre Cornud | Saint-Étienne | Maccabi Haifa | €850k |
| Noam Ben Harush | Hapoel Haifa | Maccabi Tel Aviv | €750k |
| Boris Enow | D.C. United | Beitar Jerusalem | €510k |
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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