US EditionTravis Kelce joins activist investor Jana Partners in push to revive Six Flags
- On Tuesday, Jana Partners announced it partnered with NFL star Travis Kelce, consumer executive Glenn Murphy and technology executive Dave Habiger to form a group holding roughly 9% of Six Flags Entertainment Corp., The Wall Street Journal first reported.
- The move comes as Six Flags Entertainment Corp. looks to reinvigorate attendance and profitability after leadership changes and a pandemic slump, while its stock is still down about 48% this year.
- Kelce framed his involvement as personal, saying `I am a lifelong Six Flags fan and grew up going to these parks with my family and friends`, while Jana said the group will engage the board to `enhance shareholder value and improve the guest experience`.
- Shares of Six Flags shot up more than 15% Tuesday following the news, and Scott Ostfeld, managing partner at Jana Partners, revealed the investment at the 13D Monitor Active-Passive Investor Summit.
- Kelce's celebrity status adds unusual attention, as his January 28, 2024 appearance with Taylor Swift, pop star and Kelce's fianc�e, highlights the investor push.
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Travis Kelce is building a business empire off the football pitch. Here's what the NFL tight end's been dabbling in.
Travis Kelce said on Instagram on Tuesday that he was partnering with hedge fund Jana Partners to invest in the Six Flags theme park brand.Jamie Squire via Getty ImagesKansas City Chiefs tight end Travis Kelce is a busy man.Kelce, 36, is engaged to Taylor Swift and is managing a growing portfolio of investments.Besides playing football, Kelce has opened a new restaurant and invested in Six Flags.Travis Kelce is busy on the football pitch, but th…
Travis Kelce part of investor group aiming to revive struggling Six Flags
A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company's leadership on ways to improve the struggling amusement park operator's business
Theme park superfan Travis Kelce joins activist investors with 9% stake in Six Flags
Activist investor Jana Partners has teamed up with football star Travis Kelce to push Six Flags Entertainment to improve its marketing and customer experiences, the investor said, after disclosing a 9% stake in the company.
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