PatentsUSA
Maryland Moves to Acquire Preakness Stakes Intellectual Property for $85 Million
State to match Churchill Downs’ offer, issuing bonds to secure iconic racing trademarks and rights
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…