Crossword Genius

Elizabethan favourite died a dissolute man (5)

Ross

I believe the answer is:

drake

'elizabethan favourite' is the definition.
(I've seen this before)

'died a dissolute man' is the wordplay.
'died' becomes 'd' (abbreviation next to the year of someone's death).
'a dissolute man' becomes 'rake' (I've seen this before).
'd'+'rake'='DRAKE'

(Other definitions for drake that I've seen before include "Nick" , "English circumnavigator, d. 1596" , "world traveller" , "might be after a duck?" , "First English captain to sail round the world" .)

I've seen this clue in The Telegraph and The Sun.
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