He's holding the record for "assists" (5)
I believe the answer is:
helps
'assists' is the definition.
('help' can be a synonym of 'assist')
'he's holding the record' is the wordplay.
'holding' indicates putting letters inside.
'the record' becomes 'L-P' (abbreviation for long play record).
'hes' going around 'lp' is 'HELPS'.
'for' acts as a link.
(Another definition for helps that I've seen is " Assists".)
I've seen this clue in the Evening Standard.
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