Crossword Genius

No hope at all for this £1,001? (5)

Ross

I believe the answer is:

goner

'no hope at all for this' is the definition.

I can't explain the rest of the clue.

(Other definitions for goner that I've seen before include "Dead loss" , "A has-been in distress" , "one with no future" , "One beyond help" , "I'm late" .)

I've seen this clue in The Guardian.
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