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Churchill Downs Incorporated has agreed to purchase the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Racing’s Maryland division for $85 million. The transaction, expected to close after the May 16 Preakness running at Laurel Park, will enable Churchill Downs to license th…
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Churchill Downs Acquires Preakness Stakes Intellectual Property for $85 Million Churchill Downs Incorporated has agreed to purchase the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Racing’s Maryland division for $85 million. The transaction, expected t... Read the full IIPLA article: https://iipla.org/news/churchill-downs-acquires-preakness-stakes-intellectual-property-for-85-million