Automatically clustered newsroom coverage around one of the most active themes in the intellectual property ecosystem.
Maryland has matched Churchill Downs Incorporated’s $85 million bid to acquire the intellectual property rights to the Preakness Stakes and Black-Eyed Susan Stakes. This strategic move, confirmed by Governor Wes Moore and Churchill Downs, preserves state ownership of these historic racing trademarks amid ongoing Pimli…
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 has announced its intent to match an $85 million bid by Churchill Downs Inc. to acquire the intellectual property rights of the Preakness Stakes and Black-Eyed Susan Stakes. By exercising its right of first refusal, Maryland aims to retain ownership of these iconic racing assets, ensuring long-term control ov…
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…
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…
Maryland Governor Wes Moore’s administration has matched an $85 million offer from Churchill Downs to acquire the intellectual property rights to the Preakness Stakes. The acquisition, financed through tax-exempt revenue bonds issued by the Maryland Economic Development Corporation, ensures state ownership of the race…
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…
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…
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…
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 deal, expected to close after the May 16 Preakness running at Laurel Park, will see Churchill Downs license the race rights…
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