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
Preakness Stakes Preakness Stakes The Preakness Stakes is an American flat thoroughbred horse race held on the third Saturday in May each year at Pimlico Race Course in Baltimore, Maryland. It is a Grade I race run over a distance of 9.5 furlongs ( on dirt. Colts and geldings carry 126 pounds (57 kg); fillies 121 lb (55 kg). It is the second jewel of the Triple Crown, held two weeks after the Kentucky Derby and two or three weeks before the Belmont Stakes. First run in 1873, the Preakness Stakes was named by a former Maryland governor after a winning colt