Cryptic crossword clue
Willing to participate, gave out in a ring after heavyweight’s entrance 4-1-2

The most common and most likely answer to this crossword clue is the 9 letter word HAVE-A-GO

I've seen this crossword clue in Independent
H
A
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G
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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 HAVE-A-GO mean?

HAVE-A-GO adjective
  1. Daring, courageous, particularly in the face of unexpected adversity.

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