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Churchill Downs Acquires Preakness Rights for $85 Million
BusinessAPThe Guardianle-figaro+1Yahoo2mo ago4 sources

Churchill Downs Acquires Preakness Rights for $85 Million

Churchill Downs Inc., owner of the Kentucky Derby, has purchased the intellectual property rights for the Preakness Stakes from 1/ST Racing for $85 million. This acquisition consolidates ownership of two legs of the Triple Crown under one entity.