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Volume 7 No. 149

Finance

Scottish teams "received a financial boost" after the Scottish FA announced member clubs earned more than £11M ($13.9M) in distribution payments between them, according to Graeme Young of the Scotland DAILY RECORD. Over £6M ($7.6M) of that cash pot "has come from record revenue" from the Scottish Cup, with broadcasting and sponsorship "helping add to the final total." Celtic defeated Motherwell in the Hampden showpiece. There is "also good news for teams involved in Club Academy Scotland," with the youth performance program receiving £2.5M ($3.2M), with levels of investment set against criteria, including performance and infrastructure. The total "is more than was expected" and SFA CEO Ian Maxwell "is buoyant that the cash will help" a host of clubs throughout the divisions. He said, "Whilst 2018 has not been without its challenges, we have strived to protect our members from any negative financial effects" (DAILY RECORD, 12/17).

National Rugby League side Wests Tigers is bracing itself for a "heavy reprimand" from the NRL over an alleged salary cap breach involving a "lucrative" post-career ambassador role for Robbie Farah. The integrity unit will "hand down the findings" of its two-month investigation into the Farah deal when the ARL Commission meets at League Central on Tuesday (SYDNEY MORNING HERALD, 12/18).

Unsupported expenses, unapproved credit card use and unaccounted for complimentary tickets are "among the startling findings" in the independent audit of the Galway County Gaelic Athletic Association Board’s finances. Before "disgruntled clubs" make their voices heard at county convention, the audit was last week described by County Chair Pat Kearney as "damning." Meanwhile, Galway accrued almost €1.2M more in income this year from '17 (IRISH EXAMINER, 12/17).

Japan has seen "impressive growth" in its esports market in '18, according to a local industry survey, with the domestic scene growing to 4.8B yen ($42.3M), a figure 13 times that of the previous year. In past years, professional gaming was "severely limited" due to esports falling under the jurisdiction of local gambling laws. These laws capped event prize money at 100,000 yen ($880). To resolve the situation, a government-approved licensing system for esports professionals was launched (THE ESPORTS OBSERVER, 12/15).
For more coverage of the business of esports, visit our partners, esportsobserver.com.