The most common and most likely answer to this crossword clue is the 8 letter word TRUSTEES
I've seen this crossword clue in Financial Times
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More clues leading to the result TRUSTEES
Buddy explains!
The straight part
We know that "Administrators" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case administrators = trustees.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 TRUSTEES mean?
TRUSTEES noun- A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another.
- A person in whose hands the effects of another are attached in a trustee process.