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 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 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’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 Inc. has purchased the intellectual property rights to the Preakness Stakes from The Stronach Group for $85 million. The deal, expected to close after the May 16 Preakness race, includes plans to lease the rights back to the Maryland Jockey Club. This transaction raises strategic questions about the fu…
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…
Subscribe to receive daily and weekly newsroom coverage aligned to this trend cluster and adjacent IP developments.