Churchill Downs to buy Preakness Stakes, Black-Eyed Susan Stakes brands for $85 million [CBS News]
Churchill Downs, Incorporated (CHDN)
Last churchill downs, incorporated earnings: 4/29 04:07 pm
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Source: CBS News
The acquisition of the intellectual property means Churchill Downs will manage the rights for the first two legs of the Triple Crown, which includes the Kentucky Derby. "This acquisition adds one of the most iconic brands in American sports to our portfolio and is consistent with our strategy of investing in premier Thoroughbred racing assets with long-term growth potential," said Churchill Downs CEO Bill Carstanjen. "In keeping ownership of the Preakness intellectual property in the racing industry, CDI will support efforts to fully realize the potential of a redeveloped Pimlico and Preakness Stakes within the Triple Crown and the broader sports and entertainment landscape." Under the agreement, the company will license the rights to Preakness to Maryland for a yearly fee. The sale is expected to close after the 2026 running of the Preakness Stakes, set for May 16. "Bringing together two prestigious racing brands, The Kentucky Derby and the Preakness Stakes, is a significant s
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CHDN
News
- Churchill Downs (CHDN) Q4 2025 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 2026 Kentucky Derby projected field: Top 20 horses, those outside bubble [USA TODAY]USA TODAY
- Churchill Downs buys intellectual property rights to Preakness Stakes [Los Angeles Times (CA)]Los Angeles Times
- Triple-Crown Tectonic Shift: Churchill Downs Buys Preakness From 1/ST [Forbes]Forbes
- Churchill Downs (CHDN) had its "buy" rating reaffirmed by Jefferies Financial Group Inc..MarketBeat
CHDN
Earnings
- 2/25/26 - Beat
CHDN
Sec Filings
- 4/6/26 - Form 4
- 3/26/26 - Form SCHEDULE
- 3/20/26 - Form 4
- CHDN's page on the SEC website