Football · The Window LedgerPublished · 2026-08-13
The Window Ledger
€3,996m in, €2,350m out: the Premier League's 2025/26 ledger across 390 moves
What the league paid, what it recouped, and the 62% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, the Premier League recorded 390 incoming moves. 148 of them carried a disclosed fee; the other 242 (62%) were frees, loans or undisclosed.
Spent
€3,996m
Disclosed incoming fees, 2025/26.
Banked
€2,350m
Disclosed fees received, 2025/26.
Net
+€1,647m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
62%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Alexander Isak | Newcastle | Liverpool | €145.0m |
| Florian Wirtz | Leverkusen | Liverpool | €125.0m |
| Hugo Ekitiké | Frankfurt | Liverpool | €95.0m |
| Benjamin Sesko | Leipzig | Man Utd | €76.5m |
| Nick Woltemade | Stuttgart | Newcastle | €75.0m |
| Bryan Mbeumo | Brentford | Man Utd | €75.0m |
| Matheus Cunha | Wolves | Man Utd | €74.2m |
| Antoine Semenyo | Bournemouth | Man City | €72.0m |
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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