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 infield. A blanket of yellow flowers daubed with black lacquer to recreate the appearance of a black-eyed Susan (see Winning) is placed around the winning horse's neck at this time, and a replica of the Woodlawn Vase is given to the winning horse's owner. Should that horse have also won the Kentucky Derby, speculation and excitement immediately begin to mount as to whether that horse will go on to win the Triple Crown of Thoroughbred Racing at the Belmont Stakes in June. In 1917, the first Woodlawn Vase was awarded to the Preakness winner, who was not allowed to