One may fix an Ascot sporting event, given 151 pence (3,4)
I believe the answer is:
tie clip
'one may fix an' is the definition.
I can't judge whether this defines the answer.
'ascot sporting event given 151 pence' is the wordplay.
I cannot quite see how this works, but
'ascot' could be 'tie' (I've seen this in another clue) and 'tie' is located in the answer.
'151' could be 'cli' (Roman numerals) and 'cli' is found in the answer.
'pence' could be 'p' and 'p' is found within the answer.
No letters remain.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for tie clip that I've seen before include "Neckwear securer" , "clothing accessory" , "Man's ornamental clasp" .)