Football · The Window LedgerPublished · 2026-08-16
The Window Ledger
€71.3m in, €82.4m out: the Scottish Premiership's 2025/26 ledger across 423 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 Scottish Premiership recorded 423 incoming moves. 40 of them carried a disclosed fee; the other 383 (91%) were frees, loans or undisclosed.
Spent
€71.3m
Disclosed incoming fees, 2025/26.
Banked
€82.4m
Disclosed fees received, 2025/26.
Net
−€11.1m
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 |
|---|---|---|---|
| Youssef Chermiti | Everton | Rangers | €8.6m |
| Sebastian Tounekti | Hammarby | Celtic | €6.4m |
| Ryan Naderi | Hansa Rostock | Rangers | €5.5m |
| Michel-Ange Balikwisha | Royal Antwerp | Celtic | €5.2m |
| Tochi Chukwuani | Sturm Graz | Rangers | €4.6m |
| Oliver Antman | Go Ahead Eagles | Rangers | €4.4m |
| Óscar Cortés | Lens | Rangers | €4.0m |
| Thelo Aasgaard | Luton | Rangers | €4.0m |
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 2026-08-16Partial wages, amortisation withheld — the evidence didn't support it
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