Hope doesn't go for ropes on yacht (8)

I believe the answer is:

bobstays

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'ropes on yacht' is the definition.
I know nothing about this answer so I can't judge whether it can be defined by this definition.

'hope doesn't go' is the wordplay.
'hope' becomes 'bob' (comedian Bob Hope).
'doesn't go' becomes 'stays' (I've seen this in another clue).
'bob'+'stays'='BOBSTAYS'

'for' is the link.

Can you help me to learn more?

I've seen this clue in the Sydney Morning Herald.

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