This is the 901st most frequent Swedish word.
klubbens
"Klubbens" means "the club's" (possessive form).
Here, 'klubbens' is a possessive form indicating that the members belong to the club.
Klubbens medlemmar träffas varje fredag för att diskutera planerna.
The club's members meet every Friday to discuss the plans.
'Klubbens' here functions to show that the annual meeting is organized by the club.
Varje år hölls klubbens årsmöte där viktiga beslut fattades.
Each year, the club's annual meeting was held where important decisions were made.
In this sentence, 'klubbens' refers to the rules that are associated with the club, showing ownership.