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
2017 Belmont Stakes of both Always Dreaming, the 2017 Kentucky Derby winner, and Cloud Computing, the winner of the 2017 Preakness Stakes, decided to bypass the Belmont. Classic Empire would have been the favorite of the remaining contenders for the race, but was withdrawn on June 7 because of a recurrent foot abscess. Classic Empire, the champion two-year-old colt of 2016, finished fourth in the Derby and second in the Preakness. Another leading contender was Epicharis, a Japanese-bred horse who qualified on the 2017 Road to the Kentucky Derby but who bypassed that race to focus on the Belmont. The New York Racing