GO
Loading...

Singh Will Continue To Stick By Stanford

Vijay Singh wearing stanford shirt.
CNBC.com
Vijay Singh wearing stanford shirt.

Last week, golfer Vijay Singh continued to wear Stanford Financial logos on his hat and shirt at the US Open, despite the federal indictment of its chief executive Allen Stanford and several others on fraud and additional charges.

Today, as Stanford appears in court for a bail hearing, we asked his management team at IMG if there would be any change with Singh's level of support.

"Vijay's opinion is that Stanford has yet to be proven guility and until then has chosen to act supportively," IMG spokesman Dave Haggith said.

Singh signed the deal with Stanford in January. The company has since defaulted on its payments to Singh.

Update: Allen Stanford and three other Stanford defendants pleaded not guilty this afternoon. The trial date is set for Aug. 25.

Questions? Comments? SportsBiz@cnbc.com

Featured