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 the Derby, and often a few horses that did not start in the Derby. The Preakness is miles, or furlongs (1.88km), compared to the Kentucky Derby, which is miles / 10 furlongs (2km). It is followed by the third leg, the Belmont Stakes, which is miles / 12 furlongs (2.4km). Since 1932, the order of Triple Crown races has the Kentucky Derby first, followed by the Preakness Stakes and then the Belmont Stakes. Prior to 1932, the Preakness was run before the Derby eleven times. On May 12, 1917, and again on May 13, 1922, the Preakness and the Derby