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Thursday, June 18, 2026

Maryland Moves to Acquire Intellectual Property Rights of Preakness Stakes and Black-Eyed Susan

State exercises right of first refusal to match $85 million offer from Churchill Downs, securing control over iconic horse racing assets

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Maryland Moves to Acquire Intellectual Property Rights of Preakness Stakes and Black-Eyed Susan
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Maryland Governor Wes Moore announced the state's intent to acquire the intellectual property rights to the Preakness Stakes and Black-Eyed Susan races by matching an $85 million offer from Churchill Downs Inc. The acquisition will be funded through tax-exempt bonds without using General Fund dollars, ensuring that re…
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Maryland Moves to Acquire Intellectual Property Rights of Preakness Stakes and Black-Eyed Susan Maryland Governor Wes Moore announced the state's intent to acquire the intellectual property rights to the Preakness Stakes and Black-Eyed Susan races by matching an $85 million offer from Churchill Downs Inc. The acqu... Read the full IIPLA article: https://iipla.org/news/maryland-moves-to-acquire-intellectual-property-rights-of-preakness-stakes-and-black-eyed-susan

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Thursday, June 18, 2026