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The State of Maryland has declared its intent to exercise its right of first refusal to purchase the intellectual property rights to the Preakness Stakes and Black-Eyed Susan from Churchill Downs, Inc. This strategic acquisition, funded through tax-exempt bonds without using General Fund dollars, consolidates Maryland…
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Maryland State to Acquire Preakness Stakes Intellectual Property, Ensuring Long-Term Control of Iconic Horse Racing Event The State of Maryland has declared its intent to exercise its right of first refusal to purchase the intellectual property rights to the Preakness Stakes and Black-Eyed Susan from Churchill Downs, Inc. This strategic ac... Read the full IIPLA article: https://iipla.org/news/maryland-state-to-acquire-preakness-stakes-intellectual-property-ensuring-long-term-control-of-iconic-horse-racing-event