Unraveling the 15% Payment Shortfall at WEC 2024

This piece explains recent payment discrepancies during the World Esports Championship 2024, where several competitors experienced a shortfall in their cash rewards. The reduction in prize money created confusion and dissatisfaction among the winners, as the amounts received fell noticeably below the expected sum.

A closer look reveals that this decrease – approximately 15% of the anticipated payment – was not a deliberate decision. Organizers cited irregularities arising from diverse financial procedures and timings as the source of the discrepancy. Various factors contributed, including:

• Variations in financial bookkeeping systems
• Differences in invoice processing schedules
• Variations in payment timelines
• Imbalances in financial reconciliation methods

The relevant overseeing body clarified that both financial teams have worked closely to address these temporary recording differences. They confirmed that all involved partners had met their obligations following the established schedules and standards.

To prevent future issues, a dedicated Audit, Risk, and Governance Committee is now finalizing its review. Once validated, all countries impacted by these discrepancies will receive the outstanding balance for their prize winnings promptly.