https://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offerContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offerhttps://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offer#u24402Sat, 04 Jul 2026 12:35:37 +0000Maryland exercised a right of first refusal on June 19 to match an $85 million offer from Churchill Downs Incorporated. This move ensures the state owns the intellectual property for the Preakness and Black-Eyed Susan Stakes. Governor Wes Moore confirmed the state will match the bid to keep the branding rights.What's confirmed:Maryland exercised a right of first refusal on June 19 to match an $85 million bid from Churchill Downs Incorporated.The state will acquire the intellectual property rights for the Preakness and Black-Eyed Susan Stakes.Governor Wes Moore announced the state would match t https://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offerhttps://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offer#u11842Wed, 24 Jun 2026 21:51:32 +0000Maryland will take control of the intellectual property for the Preakness Stakes and the Black-Eyed Susan Stakes. The state matched an $85 million bid from Churchill Downs to keep the assets. Funding for the acquisition will come from tax-exempt revenue bonds.What's confirmed:Maryland matched an $85 million offer from Churchill Downs to secure the Preakness Stakes intellectual property.The state will also retain the rights to the Black-Eyed Susan Stakes.Governor Wes Moore's administration announced the move on Thursday.Still unconfirmed:Maryland business leaders urged the governor to buy https://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offerhttps://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offer#u8203Mon, 22 Jun 2026 09:50:59 +0000Maryland will take ownership of the Preakness Stakes and Black-Eyed Susan Stakes. The state is matching an $85 million offer made by Churchill Downs Inc. Governor Wes Moore's office announced the move to secure these racing assets.What's confirmed:Maryland is matching an $85 million bid to acquire the rights to the Preakness Stakes and Black-Eyed Susan Stakes.The state will secure ownership of these racing assets. https://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offerhttps://www.live-feeds.com/feed/maryland-will-own-preakness-brand-after-matching-churchill-downs-85-million-offer#u6289Sat, 20 Jun 2026 18:31:27 +0000The state of Maryland will own the intellectual property rights to the Preakness Stakes and Black-Eyed Susan horse races. Governor Wes Moore's administration matched an $85 million bid from Churchill Downs Inc. to retain control of the event.What's confirmed:Maryland matched a $85 million offer from Churchill Downs Inc. to acquire the Preakness brand.The acquisition includes intellectual property rights to the Preakness Stakes and Black-Eyed Susan horse racing events.Governor Wes Moore stated the $85 million decision will secure a "vital asset for our state."Maryland used a righ