- Horse racing-Churchill Downs to buy Preakness intellectual property for $85 million The Straits Times —
- 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 intellectual property rights to Preakness Stakes Los Angeles Times —
- Churchill Downs buys Preakness Stakes: Will Triple Crown change dates? USA Today —
Churchill Downs Buys Preakness Rights
The acquisition includes the trademarks for both the Preakness and the Black-Eyed Susan Stakes from 1/ST Racing.
While Maryland will continue to host the actual races under a licensing agreement, the deal gives Churchill Downs significant power over the Triple Crown schedule.
The purchase comes amid a heated industry debate about extending the time between the Kentucky Derby and the Preakness.
The transaction is expected to close following the running of this year's Preakness on May 16.
Churchill Downs Incorporated
American horse racing and gaming company
American horse racing and gaming company
Preakness Stakes
Horse race in Baltimore, Maryland, USA
Horse race in Baltimore, Maryland, USA
Kentucky Derby
Horse race held annually in Louisville, Kentucky, United States
Horse race held annually in Louisville, Kentucky, United States
Maryland
State of the United States of America
State of the United States of America