Ascot perhaps rigged race with new king participating (8)

I believe the answer is:

neckwear

I'm a little stuck... Click here to teach me more about this clue!

'ascot perhaps' is the definition.
(I know that ascot is a type of necktie)

I don't understand the remainder of the clue.

Can you help me to learn more?

(Other definitions for neckwear that I've seen before include "Collars, ties etc." , "sort of clothing" , "could be a tie" , "Tie perhaps" , "eg Ties, cravats" .)

I've seen this clue in The Independent.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.