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
2016 Belmont Stakes over Destin. 2016 Preakness Stakes winner Exaggerator finished eleventh. The attendance for the event was 60,114. Only four horses from the 2016 Preakness Stakes came to New York to contest the Belmont: Exaggerator, the Preakness winner; Cherry Wine, the runner-up; Stradivari, who had finished fourth; and Lani, who had finished fifth. Of these, only Exaggerator and Lani had also run in the Kentucky Derby, finishing second and ninth respectively. Nyquist, winner of the 2016 Kentucky Derby and third in the Preakness, missed the Belmont due to illness. The field also included five horses from the 2016 Kentucky Derby who had