Rearranging the letters of 'The University Boat Race' gives:
Bathe cretinous variety.
(by Barry Imms using Anagram Genius) (2006) (pending approval)
A southern beer activity.
(by Mick Tully using Anagram Genius) (2006) (pending approval)
A hot bet, active in Surrey.
(by Mick Tully using Anagram Genius) (2006) (pending approval)
Haste by it, on a cute river.
(by Mick Tully using Anagram Genius) (2006) (pending approval)
Other related anagrams without their own page:
"The Oxford versus Cambridge University Boat Race" -> "Day out for River Thames excursion, BBC TV is agreed." (by David Bourke using Anagram Genius) (2004)
"University of Oxford" -> "Virtuoso if foxy nerd." (by Robert Parrott by hand) (2006) (pending approval)