Football · The Window LedgerPublished · 2026-08-12
The Window Ledger
€383m in, €477m out: Liga Portugal's 2025/26 ledger across 426 moves
What the league paid, what it recouped, and the 79% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, Liga Portugal recorded 426 incoming moves. 88 of them carried a disclosed fee; the other 338 (79%) were frees, loans or undisclosed.
Spent
€383m
Disclosed incoming fees, 2025/26.
Banked
€477m
Disclosed fees received, 2025/26.
Net
−€93.7m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
79%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Richard Ríos | Palmeiras | Benfica | €27.0m |
| Luis Suárez | UD Almería | Sporting | €22.9m |
| Franjo Ivanović | Union SG | Benfica | €22.8m |
| Fotis Ioannidis | Panathinaikos | Sporting | €22.0m |
| Dodi Lukébakio | Sevilla FC | Benfica | €20.0m |
| Victor Froholdt | Copenhagen | Porto | €20.0m |
| Alberto Costa | Juventus | Porto | €15.0m |
| Gabri Veiga | Al-Ahli | Porto | €15.0m |
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 2026-08-12Partial wages, amortisation withheld — the evidence didn't support it
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