The most common and most likely answer to this crossword clue is the 7 letter word LANCERS
I've seen this crossword clue in Financial Times
L
A
N
C
E
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S
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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 LANCERS mean?
LANCERS noun- A cavalry soldier armed with a lance weapon
- A traditional dance for eight or sixteen couples, originating from a 19th century quadrille.
- The music for a lancers.