Foals ate poorly in the recent past (8)

I believe the answer is:

asoflate

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

'foals ate poorly' is the wordplay.
'poorly' indicates an anagram (a poor spelling).
'foals'+'ate'='foalsate'
'foalsate' with letters rearranged gives 'ASOFLATE'.

'in' acts as a link.

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I've seen this clue in The Irish Times.

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