Maryland Moves to Acquire Intellectual Property Rights of Preakness Stakes and Black-Eyed Susan
State exercises right of first refusal to match $85 million offer from Churchill Downs, securing control over iconic horse racing assets
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…