Football · The Window LedgerPublished · 2026-08-13
The Window Ledger
€6.4m in, €125m out: LaLiga 2's 2025/26 ledger across 79 moves
What the league paid, what it recouped, and the 94% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, LaLiga 2 recorded 79 incoming moves. 5 of them carried a disclosed fee; the other 74 (94%) were frees, loans or undisclosed. It is Spain's tier-2 competition, and it still moves this much money.
Spent
€6.4m
Disclosed incoming fees, 2025/26.
Banked
€125m
Disclosed fees received, 2025/26.
Net
−€119m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
94%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Souleymane Faye | Betis Deportivo | Granada CF | €3.6m |
| Benjamin Pauwels | SC Cambuur | CD Leganés | €1.3m |
| Efe Akman | Galatasaray | FC Andorra | €500k |
| Mamadou Loum | Arouca | Sporting Gijón | €500k |
| Edward Cedeño | Potros del Este | UD Las Palmas | €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
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