Golf, tennis, cricket and other professional sports already struggling to keep sponsors amid the global recession may lose more than $100 million in backing because of R. Allen Stanford?s alleged fraud.

U.S. regulators yesterday accused the Texan billionaire of a ?massive ongoing fraud,? raising the possibility that he might be unable to meet funding commitments for events from the PGA Tour?s Stanford St. Jude Championship to the Sony Ericsson Tennis Open, sports organizers and analysts said.

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