Preakness Stud was the Thoroughbred horse racing and breeding operation established by Medway, 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.[1][2]
Milton Sanford named one of his horses Preakness who won the first running of the Dinner Party Stakes and for whom the Preakness Stakes is named.[3]