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  "path": "/business/sales/2026/churchill-downs-buy-preakness-stakes-rights-1234890787/",
  "publishedAt": "2026-04-21T17:48:29.000Z",
  "site": "https://www.sportico.com",
  "tags": [
    "Business",
    "Sales",
    "Churchill Downs",
    "Kentucky Derby",
    "Preakness Stakes",
    "Triple Crown"
  ],
  "textContent": "Churchill Downs Incorporated, the Louisville, Ky.-based company that owns the Kentucky Derby, has entered into a definitive agreement to purchase the intellectual property of the Preakness Stakes for $85 million. The deal, announced Tuesday, transfers all trademarks and associated rights of the second leg of horse racing’s Triple Crown from the Stronach Group (doing business […]",
  "title": "Churchill Downs Drops $85 Million to Buy Preakness Stakes IP Rights"
}