Concede the point, on netting it (3)
I believe the answer is:
own
'concede' is the definition.
(I've seen this in another clue)
'point on netting it' is the wordplay.
I cannot really understand how this works, but
'point' could be 'w' (West) and 'w' is found in the answer.
'on' is present in the answer.
No letters remain.
This may be the basis of the clue (or it may be nonsense).
'the' acts as a link.
Can you help me to learn more?
(Other definitions for own that I've seen before include "Acknowledge" , "Posses" , "Possess or confess" , "Control" , "Be in legal possession of (3)" .)