Crossword Genius

The many, but it could be the few (4)

Ross

I believe the answer is:

them

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'it could be the few' is the definition.
I know nothing about this answer so I can't tell whether it can be defined by this definition.

'the many' is the wordplay.
'many' becomes 'm' (Roman numeral for a thousand).
'the'+'m'='THEM'

'but' acts as a link.

Can you help me to learn more?

(Other definitions for them that I've seen before include "Others" , "(To/from) those people" , "Let -- eat cake" , "Certainly not us, the other lot" , "Perhaps, the Opposition" .)

I've seen this clue in the Evening Standard.
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