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Maryland is investing $85 million to obtain intellectual property rights for the Preakness Stakes and Black-Eyed Susan, matching a prior bid from Churchill Downs. The acquisition, funded through a tax-exempt bond, aims to protect the state's horseracing legacy and reduce future licensing costs.
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Maryland Allocates $85 Million to Acquire Preakness Stakes and Black-Eyed Susan IP Rights Maryland is investing $85 million to obtain intellectual property rights for the Preakness Stakes and Black-Eyed Susan, matching a prior bid from Churchill Downs. The acquisition, funded through a tax-exempt bond, aims... Read the full IIPLA article: https://iipla.org/news/maryland-allocates-85-million-to-acquire-preakness-stakes-and-black-eyed-susan-ip-rights