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Maryland has announced its intent to match an $85 million bid by Churchill Downs Inc. to acquire the intellectual property rights of the Preakness Stakes and Black-Eyed Susan Stakes. By exercising its right of first refusal, Maryland aims to retain ownership of these iconic racing assets, ensuring long-term control ov…
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Maryland Exercises Right to Match $85 Million Offer for Preakness Stakes Intellectual Property Maryland has announced its intent to match an $85 million bid by Churchill Downs Inc. to acquire the intellectual property rights of the Preakness Stakes and Black-Eyed Susan Stakes. By exercising its right of first ref... Read the full IIPLA article: https://iipla.org/news/maryland-exercises-right-to-match-85-million-offer-for-preakness-stakes-intellectual-property