Crossword Genius

Fine rowing crew in good condition reportedly (7)

Ross

I believe the answer is:

forfeit

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

'fine' is the definition.
(I've seen this in another clue)

'rowing crew in good condition reportedly' is the wordplay.
I cannot really see how this works, but
'reportedly' could be 'e' (I've seen this in other clues) and 'e' is present in the answer.
'in good condition' could be 'fit' (I've seen this in another clue) and 'fit' is located in the remaining letters.
The remaining letters 'for' is a valid word which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for forfeit that I've seen before include "Fine, penalty; give up" , "Sacrifice" , "Something given up as a penalty" , "Effort I made to pay penalty" , "Surrender as a penalty" .)

I've seen this clue in The Telegraph.
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