Crossword Genius

Admitted having been bought, perhaps (5)

Ross

I believe the answer is:

owned

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'admitted' is the definition.
(I've seen this before)

I don't understand how the remainder of the clue works.

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(Other definitions for owned that I've seen before include "Possessed; admitted" , "admitted making confession" , "to oneself?" , "made a confession" , "Confessed" .)

I've seen this clue in the Evening Standard.
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