PatentsUSA
Churchill Downs Acquires Preakness Stakes Intellectual Property for $85 Million
Churchill Downs Incorporated has agreed to purchase the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Racing’s Maryland division for $85 million. The transaction, expected to close after the May 16 Preakness running at Laurel Park, will enable Churchill Downs to license th…
Tuesday, April 21, 2026