This is now official: Maryland has closed a deal with 1/ST Racing to buy the Preakness intellectual property for $85 million. www.thebanner.com/sports/horse...
Maryland closes deal with 1/ST Racing to buy Preakness nameThe purchase comes six weeks after Gov. Wes Moore’s administration first sought to buy the branding — exercising its first right of refusal in matching an offer that racing industry giant Churchill Do...www.thebanner.comHayes GardnerSCOOP: The state of Maryland will match Churchill Downs' $85 million offer for the Preakness Stakes intellectual property, meaning the state will own, not rent, the Preakness brand. w/ @leeosanderlin.bsky.social www.thebanner.com/sports/horse...