Preakness Stakes

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Maryland Faces Scrutiny Over Preakness Stakes Intellectual Property Sale to Churchill Downs

Churchill Downs Incorporated’s acquisition of the Preakness Stakes and Black Eyed Susan Stakes intellectual property from 1/ST Maryland LLC, controlled by the Stronach family, has sparked debate over Maryland’s $500 million investment in horse racing infrastructure. Under a 2024 lease agreement, Maryland pays annual f…

Friday, May 15, 2026

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