Churchill Downs Incorporated says it has entered into an agreement to acquire the intellectual property for the Preakness Stakes and Black-Eyed Susan-Stakes from 1/ST Racing's Maryland department for $85 millionFILE - Jockeys compete during the 150th running of the Preakness Stakes horse race on May 17, 2025, at Pimlico Race Course in Baltimore. (AP Photo/Stephanie Scarbrough, File)Churchill Downs Incorporated said Tuesday it has entered into an agreement to acquire the intellectual property for the Preakne ...