Cryptic crossword clue
Lady's hosting former proprietors 7

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

H
O
L
D
E
R
S

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

HOLDERS noun
  1. A thing that holds.
  2. A person who temporarily or permanently possesses something.
  3. One who is employed in the hold of a vessel.
  4. The defending champion.

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