Chiefs TE Travis Kelce Joins $200M Six Flags Investment Group
Chiefs TE Travis Kelce Joins $200M Six Flags Investment Group

Chiefs TE Travis Kelce Joins $200M Six Flags Investment Group

News summary

Kansas City Chiefs tight end Travis Kelce has joined a $200 million investment group, including New York hedge fund Jana Partners, to acquire about a nine percent stake in Six Flags, a major amusement park operator. Kelce, a lifelong Six Flags fan, expressed enthusiasm for helping to modernize and enhance the guest experience for future generations. The investment comes after Six Flags' recent merger with Cedar Fair, creating one of North America's largest amusement park companies with 42 properties and an upcoming park in Saudi Arabia, despite facing declining attendance and share prices. Kelce's involvement is part of a broader business portfolio that includes health supplements, clothing, car washes, and investments in sports teams and restaurants. The partnership has already positively affected Six Flags' stock, which surged 17 percent following the announcement, signaling investor confidence in the brand's potential recovery and growth. Kelce's star power is seen as a valuable asset for revitalizing the Six Flags brand and appealing to a new generation of visitors.

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