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

The Guardian Sport· Apr 21, 2026 · 8:47 PM · 180 views

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Churchill Downs has acquired the Preakness Stakes' intellectual property rights for $85 million, integrating it into the Kentucky Derby family. While the iconic race remains in Maryland, scheduling changes and media rights battles could redefine its future. With Pimlico under redevelopment, the event shifts to Laurel Park, marking a new era in horse racing. #PreaknessStakes #HorseRacing #ChurchillDowns #TripleCrown #SportsNews

Originally reported by The Guardian Sport. Read the full story →

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

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