Churchill Downs strikes $85m deal for Preakness intellectual property rights
المصدر: The Guardian Sport | Source: The Guardian Sport
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 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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