Preakness Stakes was known as the Preakness Handicap. In March 2009 Magna Entertainment Corp., which owns Pimlico, filed for Chapter 11 bankruptcy thus throwing open the possibility the Stakes could move again. On April 13, 2009, the Maryland Legislature approved a plan to buy the Stakes and the Pimlico course if Magna Entertainment cannot find a buyer. Attendance at the Preakness Stakes ranks second in North America and usually surpasses the attendance of all other stakes races including the Belmont Stakes, the Breeders' Cup and the Kentucky Oaks. The attendance of the Preakness Stakes typically only trails the Kentucky Derby, for more
1973 Belmont Stakes a sloppy track. However, Knightly Dawn was scratched prior to race day. The horse's scratch also reduced the winner's share from $150,200 to $90,120. There was much speculation going into the Stakes over Secretariat's bid for the Triple Crown. Since 1948, when Citation achieved the feat, there had been six horses that had won both the Kentucky Derby and the Preakness Stakes before failing in the Belmont Stakes. When comparing Secretariat to those six horses' health and fitness before the Belmont Stakes, writer Bonifice felt Secretariat was in the best shape, almost as good as when he entered the Kentucky