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Churchill Downs Incorporated Announces State of Maryland's Decision to Acquire the Preakness IP Rights

Benzinga·
Churchill Downs Incorporated Announces State of Maryland's Decision to Acquire the Preakness IP Rights

Churchill Downs Incorporated announced that the State of Maryland has decided to exercise its rights to acquire the intellectual property rights of the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Maryland LLC by matching CDI's previously-announced $85 million purchase agreement. CDI's CEO stated the company remains committed to working with Maryland leadership on redeveloping Pimlico and the Preakness Stakes.

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