€9.9m under the valuation: Tomás Händel moved to Red Star at 0.24× his market price

Red Star paid €3.1m for Tomás Händel. The market value recorded against him at the time was €13.0m. The difference is €9.9m, and the ratio is 0.24×.

Of the 22 deals into the Serbian SuperLiga in 2025/26 where both a fee and a valuation are on record, 17 were done at a higher multiple than this one — 77% of them. That is what makes this price ordinary or unusual: its own league, its own season, not a feeling about the player.

A market value is the market's estimate, not a price tag, and a club paying above or below one is doing business, not making a mistake. What the gap measures is how far this club's read sat from the consensus — nothing about how the player performs next.

Transfer record, fees and market values: ACTUAL TRANSFER MARKET (actualtransfermarket.com). Analysis: ACTUAL SPORT INTELLIGENCE.