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.
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Churchill Downs Inc. buys Preakness intellectual property for $85 million - AP News
Churchill Downs Inc. buys Preakness intellectual property for $85 million AP News
Read full article →Churchill Downs strikes $85m deal for Preakness intellectual property rights
Kentucky Derby owner to buy Preakness trademarks Maryland will keep staging race under licensing deal Move comes amid Triple Crown scheduling debate Churchill Downs has reached a deal to acquire the intellectual property rights to the Preakness Stakes, the company announced Tuesday, in a move that brings one of US thoroughbred racing’s most celebrated events under the same corporate umbrella as the Kentucky Derby. Churchill Downs Inc said it will pay $85m to buy the trademarks and associat...
By Bryan Armen Graham
Read full article →Churchill Downs buys Preakness for $85 million
Churchill Downs Incorporated has entered an agreement to purchase the Preakness Stakes for $85 million, uniting two major events of American horse racing's Triple Crown, the buyers announced on Tuesday."The agreement with Churchill Downs Incorporated to acquire ownership of the intellectual property rights of the Preakness Stakes, immediately following Preakness 151, closes our company's thoroughbred racing chapter in Maryland."
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