Two days after Churchill Downs, Inc. (CDI) announced its intent to acquire the intellectual property rights to the GI Preakness Stakes and the GII Black-Eyed Susan Stakes for $85 million, the firm's chief executive officer, Bill Carstanjen, said Thursday during a quarterly earnings conference call that the state of Maryland remains "in control" of the overall Thoroughbred racing product and its infrastructure, but that CDI's "real team of experts" is ready to assist if asked to help grow those assets. Although Carstanjen detailed the annual fee structure for licensing the...