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Churchill Downs Incorporated to Acquire Preakness Stakes Intellectual Property Rights for $85 Million
Definitive agreement secures trademarks and associated rights of Preakness and Black-Eyed Susan Stakes, reinforcing Churchill Downs’ position in premier Thoroughbred racing assets
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…