Crossword Genius

Old money directed into soccer outfit (5)

Ross

I believe the answer is:

franc

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'old money' is the definition.
(I've seen this before)

'directed into soccer outfit' is the wordplay.
'directed' becomes 'ran' (running is a kind of directing).
'into' means one lot of letters goes inside another.
'soccer outfit' becomes 'fc' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'ran' placed into 'fc' is 'FRANC'.

Can you help me to learn more?

(Other definitions for franc that I've seen before include "Former French coin" , "Former French currency" , "Old French currency" , "It's equal to 100 centimes" , "Old European currency" .)

I've seen this clue in The Irish Times.
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