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flag Churchill Downs to acquire Preakness IP for $85M, uniting Triple Crown races.

flag Churchill Downs Inc. agreed to buy the Preakness Stakes and Black-Eyed Susan Stakes for $85 million, uniting the events with the Kentucky Derby under one owner. flag The deal, expected to close after the 2026 race, allows Churchill Downs to license the rights to Maryland annually, though immediate changes to the race's location or format have not been announced.

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