The Maryland Stadium Authority, in partnership with the Maryland Economic Development Corporation and The Maryland Jockey Club, is overseeing the transformation of Pimlico Race Course, home of the Preakness Stakes (G1), into a year-round racing facility and acquiring Laurel Park to serve as the training center. These multiyear investments in Maryland horse racing will deliver economic benefits to the state for many years to come and ensure the stable future of Maryland racing.
READ: Churchill Downs Inc. Purchases Preakness Stakes
The State of Maryland has been notified by 1/ST Maryland LLC/The Stronach Group that they have reached a tentative agreement to transfer the intellectual property for the Preakness Stakes to Churchill Downs. That announcement of that intended transfer does not affect its right to full operational control and responsibility for the Black-Eyed Susan Stakes (G2) and Preakness Stakes, both of which will be held at Pimlico Race Course beginning in 2027.
TMJC also controls the media rights and licensing for the Preakness Stakes, as identified in the Master Agreement between the State of Maryland and 1/ST Maryland LLC, dated June 28, 2024. None of that is affected by the potential Churchill Downs transaction.
TMJC retains full control of the racing calendar and day-to-day operations for Maryland racing at both Laurel Park and the soon-to-be-rebuilt Pimlico Race Course.
This press release has been edited for content and style by BloodHorse Staff.
