Stakes Stakes

Churchill Downs Acquires Preakness Stakes and Black-Eyed Susan 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 deal, expected to close after the May 16 Preakness running at Laurel Park, will see Churchill Downs license the race rights…