Crossword Genius

Note in verse dismissing Conservative sporting event (4,5)

Ross

I believe the answer is:

time trial

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

'note in verse' is the definition.
The definition suggests a singular noun which matches the answer.

'dismissing conservative sporting event' is the wordplay.
I cannot really see how this works, but
'event' could be 'trial' (trial is a kind of event) and 'trial' is present in the answer.
The remaining letters 'time' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for time trial that I've seen before include "Cycling event" , "Race against the clock" , "test" .)

I've seen this clue in The Times.
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