Cryptic crossword clue
Billion pounds possibly for sponsors 7

The most common and most likely answer to this crossword clue is the 7 letter word BACKERS

I've seen this crossword clue in The Daily Telegraph
B
A
C
K
E
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S

Buddy explains!

The straight part
We know that "sponsors" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case sponsors = backers.
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 BACKERS mean?

BACKERS noun
  1. One who, or that which, backs; especially one who backs an entrant in a contest, or who supports an enterprise by funding it.

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