(13) Trade payables

Trade payables amounted to EUR 139,982 thousand (30 June 2025: EUR 162,844 thousand), of which EUR 123,098 thousand (30 June 2025: EUR 154,845 thousand) related to liabilities from transfer deals. The liabilities from transfer deals declined due to scheduled payments of contract liabilities, which were partly offset by lower new liabilities arising from investments in intangible assets (player registrations).