Crossword Genius

Race boldly run that's closely contested (5,5)

Ross

I believe the answer is:

local derby

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'closely contested' is the definition.
I know nothing about this answer so I cannot tell whether it can be defined by this definition.

'race boldly run' is the wordplay.
'run' is an anagram indicator.
'race'+'boldly'='raceboldly'
'raceboldly' is an anagram of 'LOCAL DERBY'.

'that's' acts as a link.

Can you help me to learn more?

(Other definitions for local derby that I've seen before include "Fixture between nearby teams" , "Competition between two close teams" , "grudge match?" , "competition in the neighbourhood" , "Nearby game?" .)

I've seen this clue in The Guardian.
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