Churchill Downs Inc. buys Preakness intellectual property for $85 million [Yahoo! Finance Canada]
Churchill Downs, Incorporated (CHDN)
Last churchill downs, incorporated earnings: 4/29 04:07 pm
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Source: Yahoo! Finance Canada
1/ST Racing's Maryland department for $85 million, subject to customary closing conditions. Churchill Downs, the home of the Kentucky Derby, plans to license the rights annually to the state of Maryland to stage the races. The parties expect the transaction to close after the next running of the Preakness, which is set to happen at Laurel Park on May 16 while as part of a major reconstruction project. “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,” Churchill Downs Incorporated CEO Bill Carstanjen said. “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.” The agreement comes a week after a report surfaced that the
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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 to buy Preakness Stakes, Black-Eyed Susan Stakes brands for $85 million [CBS News]CBS News
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