University lecturer recalled in live university award (4)
I believe the answer is:
blue
'university award' is the definition.
(award given to an Oxbridge sportsperson)
'university lecturer recalled in live' is the wordplay.
'university' becomes 'u' (abbreviation for university).
'lecturer' becomes 'l' (abbreviation for lecturer).
'recalled' shows that the letters should be reversed in order.
'in' means one lot of letters goes inside another.
'live' becomes 'be' (synonyms).
'u'+'l'='ul'
'ul' reversed gives 'lu'.
'lu' put within 'be' is 'BLUE'.
(Other definitions for blue that I've seen before include "Miserable; waste (money)" , "Oxbridge player" , "Morose; colour" , "Colour; depressed" , "navy perhaps" .)