Cryptic crossword clue
Scottish league, formerly encouraged, spent extravagantly 8

The most common and most likely answer to this crossword clue is the 8 letter word SPLURGED

I've seen this crossword clue in The Daily Telegraph
S
P
L
U
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Buddy explains!

The straight part
We know that "spent extravagantly" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case spent extravagantly = splurged.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SPLURGED mean?

SPLURGED verb
  1. To (cause to) gush; to flow or move in a rush.
  2. To spend lavishly or extravagantly, especially money.
  3. To produce an extravagant or ostentatious display.

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