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 Stables plus Preakness Stakes winner, Vanguard, and the champion 2-year-old colt, Tremont. In 1881, the sixty-eight-year-old Milton Sanford sold the Kentucky Preakness Stud to Daniel Swigert who renamed it Elmendorf Farm. Under trainer Edward Feakes, Preakness Stables won the Preakness Stakes twice. Their first victory came in 1890 with Montague and in 1895 with Belmar who also won the Belmont Stakes. Preakness Stables Preakness Stables was a Thoroughbred horse racing stable established by Massachusetts businessman Milton H. Sanford in the Preakness section of Wayne, New Jersey at what today is the corner of Valley Road and Preakness Avenue. Milton Sanford named