Automatically clustered newsroom coverage around one of the most active themes in the intellectual property ecosystem.
Maryland has invoked its statutory right of first refusal to purchase the intellectual property rights of the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Maryland LLC. This move effectively halts Churchill Downs’ $85 million offer made in April to acquire the IP. Governor Wes Moore emphasized the importance…
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…
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.
Maryland Governor Wes Moore announced the state will match Churchill Downs’ $85 million bid to purchase the intellectual property rights to the Preakness Stakes and Black-Eyed Susan Stakes. The acquisition will be financed through 30-year bonds issued by the Maryland Economic Development Corporation, with debt service…
Churchill Downs Incorporated (CDI) has entered into a definitive agreement to purchase the intellectual property rights of the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Maryland LLC for $85 million. The acquisition includes all trademarks and related rights, with an exclusive license to the State of Maryl…
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