Mike skint after training in Welsh town (8)
I believe the answer is:
pembroke
'welsh town' is the definition.
(I've seen this before)
'mike skint after training' is the wordplay.
'mike' becomes 'M' (phonetic alphabet: alpha, bravo, charlie etc.).
'skint' becomes 'broke' (synonyms).
'after' means one lot of letters go next to another.
'training' becomes 'PE' (Physical Education).
'm'+'broke'='mbroke'
'mbroke' put after 'pe' is 'PEMBROKE'.
'in' acts as a link.
(Other definitions for pembroke that I've seen before include "An Ox., a Camb. college; Welsh town, castle" , "Two Oxbridge colleges; a shire" , "Former Welsh county" , "Oxford college; small table" , "Welsh port" .)