Two months ago, Churchill Downs announced its intention to buy the Preakness Stakes’ intellectual property. On Thursday, Gov. Wes Moore’s administration matched the $85 million offer, meaning that Maryland will own the rights to the city’s longstanding horse race. Moore’s decision, outlined in a statement from his office, ends the shuffling of ownership among racing properties. “The Preakness Stakes is more than just a race; it is a cornerstone of Maryland’s history, culture, and economy,” said Gov.