Churchill Downs Enters Agreement to Acquire Preakness Intellectual Property Rights

Churchill Downs Incorporated has entered into an agreement to acquire the intellectual property, including all trademarks and associated rights, of the Preakness Stakes and Black-Eyed Susan from 1/ST Maryland LLC, the company announced Tuesday morning. The purchase price was $85 million and the deal is subject to customary closing conditions. Under the terms of the

The post Churchill Downs Enters Agreement to Acquire Preakness Intellectual Property Rights appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.