A new greed spread around VIP (7)
I believe the answer is:
grandee
'vip' is the definition.
(I've seen this before)
'a new greed spread' is the wordplay.
'new' becomes 'n' (abbreviation as in New Testament NT).
'spread' indicates an anagram.
'a'+'n'+'greed'='angreed'
'angreed' with letters rearranged gives 'GRANDEE'.
'around' acts as a link.
(Other definitions for grandee that I've seen before include "Spanish bigwig" , "Eminent person" , "European lord" , "Ran edge around the Spanish nobleman" , "Person of high rank" .)