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IIPLA Blog
Tuesday, May 5, 2026
Brands

Churchill Downs Inc. buys Preakness intellectual property for $85M

Churchill Downs Incorporated said Tuesday it has entered into an agreement to acquire the intellectual property for the Preakness Stakes and Black-Eyed Susan-Stakes from 1/ST Racing’s Maryland department for $85 million, subject to customary closing conditions. Churchill Downs, the home of the Kentucky Derby, plans to…

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Churchill Downs Inc. buys Preakness intellectual property for $85M
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Churchill Downs Incorporated said Tuesday it has entered into an agreement to acquire the intellectual property for the Preakness Stakes and Black-Eyed Susan-Stakes from 1/ST Racing’s Maryland department for $85 million, subject to customary closing conditions. Churchill Downs, the home of the Kentucky Derby, plans to…