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
2002 Belmont Stakes Lightly regarded Sarava won at odds of 70-1, the biggest long-shot in the history of the Belmont Stakes. War Emblem established himself as the horse to beat in the Belmont Stakes after wire-to-wire wins in the Kentucky Derby and Preakness Stakes. Despite his racing ability, he was a temperamental colt known around the stable as "Hannibal Lector" for his habit of trying to bite anyone who came too close. Baffert was optimistic about the colt's chances, saying, "With [jockey] Victor [Espinoza], there's no thinking involved. Just get him out of the gate and let him go." With Puzzlement a late