Maryland exercises its right to match an $85 million offer to keep Preakness branding rights
Sebastian Ujică
Maryland Gov. Wes Moore said Thursday the state will exercise its right of first refusal to match Churchill Downs Incorporated’s $85 million offer for the intellectual property of the Preakness Stakes and the Black-Eyed Susan Stakes. Churchill Downs Inc., which runs the Kentucky Derby to open the Triple Crown, announced in April it was buying the branding rights to the second leg, as well as the race for fillies the precedes it by a day, from 1/ST Racing with the intent of licensing it back to
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