On about one close to time lord (5)
I believe the answer is:
Here is my best explanation:
'lord' is the definition.
'on about one close to time' is the subsidiary indication.
'on' becomes 'leg' (cricket term, fielding positions**).
'about' means one lot of letters goes inside another.
'one' becomes 'i' (roman numeral).
'close to' indicates one should take the final letters (the \'close\' to the word).
The last letter of 'time' is 'e'.
'leg' enclosing 'i' is 'lieg'.
(Other definitions for liege that I've seen before include "City in eastern Belgium", "Loyal subject", "European city", "Province of Belgium", "Large Belgian city", "Belgian city or ancient lord", "Superior", "Bound to render feudal service", "old lord" and "Loyal vassal".)