Top Five: Clubs having a disappointing transfer window

Freiburg

Major Ins: Gelson Fernandes (Sporting Lisbon, 290,000) Francis Coquelin (Arsenal, Loan) Mike Hanke (Borussia Mönchengladbach, Free)

Major Outs: Max Kruse (Borussia Mönchengladbach, £2m) Cedric Makiadi (Werder Bremen, £2.5m) Daniel Caligiuri (Wolfsburg, £2m)

Summary: Last season, Freiburg finished 5th and qualified for the Europa League against the odds. But perhaps not used to being in such a lofty position, they have already sold three key men for less than their true value. Attacking midfielder Max Kruse scored 11 and set up eight goals last season but has been gifted away for £2m. That’s about £4-6 millions less than they should have been getting for him. Caligiuri scored five and made five and provided a key pacey outlet in left midfield but likewise has been sold way under value. Perhaps their inexperience at operating at such a level has caused them to do this but they’ve cost themselves the best part of £10m by under selling, and this is reflected in their buys. A series of bits and pieces, headlined by Mike Hanke who as a striker, hasn’t got to double figures since 2008 when even then he only managed 10. A big step backwards this summer and completely of their own doing.