Crossword Genius

Sponsor's perspective when raising euro initially (5)

Ross

I believe the answer is:

angel

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'sponsor's' is the definition.
(angel is a kind of sponsor)

I can't explain the rest of the clue.

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(Other definitions for angel that I've seen before include "Christmas tree decoration" , "Cloud resident?" , "Obliging person" , "Word linking cake and fish" , "One backing plays" .)

I've seen this clue in The Times.
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