Stenson reveals Stanford investment

12 April 2012

Swedish golf star Henrik Stenson has revealed that "a big part" of his savings were invested in the Stanford Financial Group currently under investigation for an alleged US dollars nine billion fraud.

Currently in Arizona for the WGC-Accenture Match Play Championship, the world number six told American magazine Golfweek that he signed a three-year business deal with Stanford last summer and at the same time transferred funds into a bank account.

"Not all my money, but I have quite a big part of my own savings and investments with them," he said. "I don't know anything more than I read in the papers, so it's obviously not a happy situation for a whole lot of people."

He added: "It's a very unfortunate situation. I'm a victim as is everybody else in that big thing, so we just have to see how bad it is.

"Everybody has got to sit tight and see what comes out of it, but it's obviously hard to be too positive about it at the moment."

Vijay Singh and Camilo Villegas are two more of the world's top 10 players with ties to Stanford and Singh was still wearing the company's logos in Tucson this week.

Stanford is also a 'platinum level' sponsor of the Tiger Woods Foundation, which funds the world number one's California learning centre and stages the PGA Tour's AT&T National event.

Another event in Memphis has Stanford as its title sponsor, while the concluding tournament of the women's tour is the Stanford Financial Tour Championship.

Tim Finchem, PGA Tour commissioner, said on Tuesday: "The situation of Stanford is volatile - I don't know where that's going to come out.

"It would not be appropriate for me to speculate on what their issues are and what actions are being taken and what that means. We're just in a monitoring situation right now."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in