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European acrobat jumping about in University Challenge? (4,4)

Ross

I believe the answer is:

boat race

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'university challenge?' is the definition.
(race between Oxford and Cambridge universities)

'european acrobat jumping' is the wordplay.
'european' becomes 'E' (abbreviation e.g. EU).
'jumping' indicates anagramming the letters.
'e'+'acrobat'='eacrobat'
'eacrobat' with letters rearranged gives 'BOAT-RACE'.

'about in' is the link.
This may not be correct. Some or all of it may be part of another bit of the clue.

Can you help me to learn more?

(Other definitions for boat race that I've seen before include "varsity match" , "Sports event" , "famous row" , "sporting event" , "gig?" .)

I've seen this clue in The Times.
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