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Vijay Singh may want to rethink his sponsorship deal

By Reid Cherner, USA TODAY

1ablogvijaysingh Golfer Vijay Singh is in a bit of a ticklish situation.

Darren Rovell of CNBC Sports reports that he is under contract to endorse Stanford Financial and wear the company logo on his shirt and hat. (Photo by Stuart Franklin, Getty Images)

Here is the dicey part.

On Tuesday, the Securities and Exchange Commission charged R. Allen Stanford, the head of the company, with perpetuating an $8 billion fraud and froze the assets of several of the companies that Stanford controls.

Writes Rovell:

IMG has not had any further comment on Stanford's deal with Singh, including whether the golfer who is only second to Tiger Woods on the all-time money list ($60,768,812), had invested any money with the company or exactly how much he was paid so far. Singh is currently in Pacific Palisades, Calif., where he will play in the Northern Trust Open.

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