Churchill Downs buys rights to Preakness, Black-Eyed Susan Stakes

By: Bryan Sears

Outlets: Kentucky Lantern

Published: April 22, 2026

Words: 844

Last Updated: 3 months, 1 week ago

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BALTIMORE – The owners of the first leg of horse racing’s Triple Crown now own the property rights to its second leg.

Churchill Downs Inc. announced Tuesday that it has reached an agreement with 1/ST Maryland LLC to purchase the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes. The $85 million deal includes “all trademarks and associated rights” associated with the two Maryland races.

“This acquisition adds one of the most iconic …

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