Maryland Exercises Right to Match $85 Million Offer for Preakness Stakes Intellectual Property
State moves to secure ownership of Preakness Stakes trademarks and rights, aiming to strengthen control over Maryland’s horseracing industry
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…