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#u41476Thu, 13 Aug 2026 05:51:01 +0000Maryland has acquired the Preakness Stakes and Black-Eyed Susan Stakes intellectual property rights for $85 million. The acquisition was funded through revenue bonds, with no tax dollars used. This deal comes as Churchill Downs Incorporated announces a new six-race Thoroughbred Championship Series that excludes the Preakness. In response, Maryland is adjusting the Preakness schedule, moving the event to 13 days before the Belmont Stakes.Why it mattersThe acquisition and scheduling changes have significant implications for the future of the Triple Crown and horse racing in Maryland. The Preakne 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#u31285Tue, 04 Aug 2026 07:15:40 +0000Maryland has acquired the intellectual property rights to the Preakness Stakes and Black-Eyed Susan Stakes for $85 million. The acquisition was funded through revenue bonds issued by the Maryland Economic Development Corp., with no tax dollars used. This deal comes as Churchill Downs Incorporated announces a new six-race Thoroughbred Championship Series that includes the Kentucky Derby and Belmont Stakes, but not the Preakness.Why it mattersThe acquisition ensures the state of Maryland owns the branding rights to the two prominent horse races. The Preakness Stakes is a key part of the Triple C 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#u28307Sat, 01 Aug 2026 03:20:18 +0000Maryland has completed its acquisition of intellectual property rights to the Preakness Stakes and Black-Eyed Susan Stakes for $85 million, exercising its right of first refusal to match an offer from Churchill Downs Incorporated. The deal was funded through revenue bonds issued by the Maryland Economic Development Corp., with no tax dollars used. The acquisition ensures the state owns the branding rights to the two prominent horse races.Why it mattersThe Preakness Stakes is a significant event in American horse racing, and Maryland's acquisition secures the state's control over the 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#u28306Sat, 01 Aug 2026 03:20:17 +0000Maryland has completed its acquisition of the intellectual property rights to the Preakness Stakes and Black-Eyed Susan Stakes for $85 million. The deal was funded through revenue bonds issued by the Maryland Economic Development Corp., with no tax dollars used. The acquisition was made possible by Maryland exercising its right of first refusal to match an offer from Churchill Downs Incorporated.Why it mattersThe Preakness Stakes is a prestigious horse racing event held annually in Baltimore, Maryland. The acquisition ensures that the state retains control over the branding rights to the race, 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 10:35:37 +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 19:51:32 +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 07:50:59 +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 16:31:27 +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