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Travis Kelce Joins JANA’s 9% Stake in Six Flags as Activists Press for Change

The high-profile investment heightens scrutiny of a post‑merger operator facing declining attendance plus heavy debt.

Overview

  • A JANA Partners–led group that includes Travis Kelce and two business executives has taken roughly a 9% position in Six Flags and begun engaging the board on marketing, guest experience, and governance.
  • Kelce announced the move on Instagram, citing childhood memories at Cedar Point and framing the investment as a bid to help preserve the park experience for future families.
  • Former Cedar Fair CEO Matt Ouimet said Kelce’s brand could force measurable operational improvements, warning that visible maintenance or service lapses would carry reputational risks.
  • Local analysis highlighted recent pressure on the company with seasons‑past sales down about 8%, attendance off roughly 9%, revenue lower by around $100 million, and debt near $5 billion.
  • Since the 2024 merger that created a 56‑park operator, Six Flags has cut staff and reshaped leadership while still announcing new attractions for 2026, including coasters in Texas and Mexico and expanded seasonal offerings.