10 June 1829: the first Oxford and Cambridge boat race
The first ever Oxford and Cambridge boat race took place on the Thames on this day in 1829 – not in London, but in Henley on Thames.
The Oxford and Cambridge Boat Race has become one of the highlights of the British sporting calendar. Every year, up to 250,000 people line the banks of the Thames to see the two university crews battle it out on the water. In 2015, 6.8 million people watched the race on TV.
It was started by two old friends from Harrow School, Charles Merivale, a Cambridge student, and Charles Wordsworth (nephew of the poet), who was at Oxford.
On 10 February 1829, Cambridge University Boat Club officially challenged Oxford to a race. And on this day in 1829, the first race took place at Henley in front of some 15,000 spectators. Oxford came out the winners the official record states they won "easily".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It wasn't run again until 1836, this time in London, between Westminster and Putney. It didn't run on the present course, from Putney to Mortlake, until 1845, and became an annual event in 1856, with an official distance of four miles and 374 yards.
It hasn't been entirely without controversy.In 1877, for the only time in its history, the race was judged to be a dead heat. This is still a bone of contention at Oxford, who claim they crossed the line first. But the judge, Honest' John Phelps, didn't have a clear view of the finish, so declared a draw. Oxford maintain he was asleep in his boat at the time. Phelps's great-great-great-great nephew went on to judge the race in 2014 without controversy.
And in 1978, Cambridge sank just before the finishing line.
There have been a few famous faces to row over the years, including actor Hugh Laurie and society photographer Lord Snowdon.
Competing for Oxford in 2010 were Cameron and Tyler Winkelvoss, AKA the Winkelvoss twins', who controversially sued Mark Zuckerberg, claiming he stole their idea for a social networking site. They won $65m. But they lost the boat race.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
-
Four AI ETFs to buy
Is now a good time to buy AI ETFs? We examine four AI ETFs that investors might want to add to their portfolio
By Dan McEvoy Published
-
Chase boosts easy-access interest rate - savers could earn 4.75%
Chase is offering a boosted interest rate which is fixed for six months, on top of the standard variable rate
By Jessica Sheldon Published