Football · The Window LedgerPublished · 2026-08-13
The Window Ledger
€723m in, €1,298m out: Ligue 1's 2025/26 ledger across 429 moves
What the league paid, what it recouped, and the 76% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, Ligue 1 recorded 429 incoming moves. 102 of them carried a disclosed fee; the other 327 (76%) were frees, loans or undisclosed.
Spent
€723m
Disclosed incoming fees, 2025/26.
Banked
€1,298m
Disclosed fees received, 2025/26.
Net
−€575m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
76%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Ilya Zabarnyi | Bournemouth | PSG | €63.0m |
| Lucas Chevalier | Lille | PSG | €40.0m |
| Igor Paixão | Feyenoord | Marseille | €30.0m |
| Nayef Aguerd | West Ham | Marseille | €23.0m |
| Joaquín Panichelli | Alavés | R. Strasbourg | €17.0m |
| Otávio | Porto | Paris FC | €17.0m |
| Rudy Matondo | AJ Auxerre | Paris FC | €15.0m |
| Lucas Høgsberg | Nordsjaelland | R. Strasbourg | €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 2026-08-13Partial wages, amortisation withheld — the evidence didn't support it
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