Churchill Downs buys intellectual property rights to Preakness Stakes
The transaction is expected to close after the running of this year's Preakness on May 16.
More details may be available on Thursday when CDI has its quarterly earnings call.
Churchill Downs Buys Preakness Rights
- Churchill Downs strikes $85m deal for Preakness intellectual property rights The Guardian —
- Churchill Downs to buy Preakness Stakes IP for $85 million, uniting first two Triple Crown legs CBS Sports —
- Churchill Downs Inc. buys Preakness intellectual property for $85 million ABC News —
- Churchill Downs Inc. buys Preakness intellectual property for $85 million AP News —
- Churchill Downs buys Preakness Stakes: Will Triple Crown change dates? USA Today —