€6.7m under the valuation: Veljko Birmancevic moved to Sparta Prague at 0.26× his market price

Sparta Prague paid €2.3m for Veljko Birmancevic. The market value recorded against him at the time was €9.0m. The difference is €6.7m, and the ratio is 0.26×.

Of the 42 deals into the Czech First League in 2024/25 where both a fee and a valuation are on record, 37 were done at a higher multiple than this one — 88% 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.