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Churchill Downs Incorporated’s acquisition of the Preakness Stakes and Black Eyed Susan Stakes intellectual property from 1/ST Maryland LLC, controlled by the Stronach family, has sparked debate over Maryland’s $500 million investment in horse racing infrastructure. Under a 2024 lease agreement, Maryland pays annual f…
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Maryland Faces Scrutiny Over Preakness Stakes Intellectual Property Sale to Churchill Downs Churchill Downs Incorporated’s acquisition of the Preakness Stakes and Black Eyed Susan Stakes intellectual property from 1/ST Maryland LLC, controlled by the Stronach family, has sparked debate over Maryland’s $500 mil... Read the full IIPLA article: https://iipla.org/news/maryland-faces-scrutiny-over-preakness-stakes-intellectual-property-sale-to-churchill-downs