Summary
Travis Kelce, a well-known football player, has invested in Six Flags, a major amusement park company, along with two executives and an investment firm. This investment makes them among the largest shareholders of Six Flags, which has faced financial difficulties after a merger with Cedar Fair. Six Flags has struggled with debt and low attendance, and hopes Kelce's involvement will help improve its situation.
Key Facts
- Travis Kelce invested in Six Flags and now owns about 9% of its shares.
- JANA Partners, an investment firm, also took part in buying Six Flags' shares.
- Six Flags merged with Cedar Fair in 2024, creating the biggest amusement park operator in North America.
- Six Flags has been facing financial struggles with $5.3 billion in debt and lower attendance.
- The company's CEO, Richard Zimmerman, plans to step down by the end of the year.
- Six Flags reported a net loss of $100 million for the second quarter of 2025.
- The company is closing Six Flags America in Maryland and may close another park in California in the future.
