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The Guardian - US
The Guardian - US
Sport
Bryan Armen Graham

Churchill Downs strikes $85m deal for Preakness intellectual property rights

ST Churchill Downs Preakness Intellectual Property Bill Carstanjen Derby the Kentucky Derby Churchill Downs Inc NBC Triple Crown
Jockeys compete during the 150th running of the Preakness Stakes in May 2025 at Pimlico Race Course in Baltimore.
Jockeys compete during the 150th running of the Preakness Stakes in May 2025 at Pimlico Race Course in Baltimore. Photograph: Stephanie Scarbrough/AP

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 associated rights to the Preakness and the Black-Eyed Susan Stakes from 1/ST Maryland LLC, an affiliate of 1/ST Racing.

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