Crossword Genius

Cycle group exercise with crowd round noon (7)

Ross

I believe the answer is:

peloton

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

'cycle group' is the definition.
I don't know anything about this answer so I cannot tell whether it can be defined by this definition.

'exercise with crowd round noon' is the wordplay.
'exercise' becomes 'pe' (Physical Education).
'with' means one lot of letters go next to another.
'crowd round' becomes 'loto' (I can't explain this - if you can you should believe this answer much more).
'noon' becomes 'n'.
'pe'+'loto'+'n'='PELOTON'

Can you help me to learn more?

(Other definitions for peloton that I've seen before include "Main group of cyclists in a race" , "cyclists in bunch" , "Main packed group in a cycle race" , "Main pack of cyclists in a race" , "bunch of riders" .)

I've seen this clue in The Telegraph.
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