Churchill Downs Expands With Preakness Purchase Deal
Churchill Downs Incorporated has reached an agreement to acquire the intellectual property rights to the Preakness Stakes and the Black-Eyed Susan Stakes in a deal valued at $85 million, marking a significant shift in the structure of American horse racing. The purchase positions the Louisville-based company as the rights holder for the first two legs of the Triple Crown, adding the Preakness to its existing ownership of the Kentucky Derby. The transaction, announced April 21, involves acquiring trademarks and associated […] The post Churchill Downs Expands With Preakness Purchase Deal appeared first on World Casino News.
Churchill Downs Incorporated has reached an agreement to acquire the intellectual property rights to the Preakness Stakes and the Black-Eyed Susan Stakes in a deal valued at $85 million, marking a significant shift in the structure of American horse racing. The purchase positions the Louisville-based company as the rights holder for the first two legs of the Triple Crown, adding the Preakness to its existing ownership of the Kentucky Derby. The transaction, announced April 21, involves acquiring trademarks and associated […]
The post Churchill Downs Expands With Preakness Purchase Deal appeared first on World Casino News.
