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Is a lout, perhaps, but can beat the opposition in a yacht race (7)

Ross

I believe the answer is:

outsail

I'm a little stuck... Click here to teach me more about this clue!

'can beat the opposition in a yacht race' is the definition.
I can't tell whether this defines the answer.

'is a lout perhaps' is the wordplay.
'perhaps' indicates anagramming the letters.
'is'+'a'+'lout'='isalout'
'isalout' is an anagram of 'OUTSAIL'.

'but' is the link.

Can you help me to learn more?

I've seen this clue in the Evening Standard.
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