Institution likely to make a hit (4)

I believe the answer is:

club

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'a hit' is the definition.
(club can mean to hit with a club)

I can't explain the rest of the clue.

(Other definitions for club that I've seen before include "In which one could be expecting" , "Golfing equipment" , "Golf implement" , "Driver possibly" , "Stout stick, card suit and association" .)

I've seen this clue in The Globe and Mail and The Irish Independent.

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