Churchill Downs strikes $85m deal for Preakness intellectual property rights
Kentucky Derby owner to buy Preakness trademarksMaryland will keep staging race under licensing dealMove comes amid Triple Crown scheduling debateChurchill 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...
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